Net Loss Per Share

3 Months Ended

Mar. 31, 2020

For the periods presented, the following Class A common stock and Class C capital stock equivalents were excluded from the calculations of diluted net loss per share because their effect would have been antidilutive (in thousands):


	Three Months Ended March 31,
	2020	2019
Weighted-average Class A common stock and Class C capital stock option awards outstanding	23,663	19,408
Weighted-average Class A common stock and Class C capital stock restricted stock units outstanding	7,623	5,860
Class A common stock issuable upon conversion of the convertible notes maturing in 2020	407	421
Total Class A common stock and Class C capital stock equivalents	31,693	25,689

Since the Company expects to settle the principal amount of the outstanding convertible notes maturing in 2021, 2023, 2024 and 2026 in cash, the Company uses the treasury stock method for calculating any potential dilutive effect of the conversion spread on diluted net income per share, if applicable. The conversion spread for each of the notes has a dilutive impact on diluted net income per share when the market price of the Company’s Class C capital stock at the end of the period exceeds the conversion price per share. The following table presents the conversion spread and conversion price per share of Class C capital stock for each of the convertible senior notes (in thousands, except per share amounts):


Maturity Date	Conversion Spread	Conversion Price per Share
September 1, 2026	11,492	$	43.51
September 1, 2024	15,468	43.51
July 1, 2023	4,769	78.37
December 1, 2021	8,785	52.36