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Net Loss per Share
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Net Loss per Share

13.

Net Loss per Share

Basic and diluted net loss per share attributable to common stockholders was calculated as follows:

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(70,279

)

 

$

(98,942

)

 

$

(89,380

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic and

   diluted

 

 

56,649,220

 

 

 

40,743,492

 

 

 

40,449,410

 

Net loss per share attributable to common stockholders, basic

   and diluted

 

$

(1.24

)

 

$

(2.43

)

 

$

(2.21

)

 

The Company’s potential dilutive securities, which include stock options, unvested restricted common stock and shares issuable under the ESPP, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Stock options to purchase common stock

 

 

8,310,683

 

 

 

7,561,719

 

 

 

6,125,692

 

Unvested restricted stock units

 

 

130,000

 

 

 

226,900

 

 

 

356,778

 

Shares issuable under employee stock purchase plan

 

 

89,821

 

 

 

49,495

 

 

 

 

 

 

 

8,530,504

 

 

 

7,838,114

 

 

 

6,482,470