Net Loss Per Share

3 Months Ended

Mar. 31, 2022

14. Net Loss Per Share

Basic earnings per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net loss for the period by the weighted-average number of common shares outstanding during the period which includes potential dilutive common shares assuming the dilutive effect of outstanding restricted stock units, stock options, restricted stock awards, and shares issuable under the ESPP calculated using the treasury stock method.

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended March 31,
(in thousands, except per share amounts)	2022			2021
Numerator:
Net loss	$	(37,377	)	$	(29,647	)
Denominator:
Weighted-average shares outstanding - basic and diluted		150,262			144,692
Net loss per common share - basic and diluted:	$	(0.25	)	$	(0.20	)

The Company was in a loss position for the periods presented. Accordingly, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential common shares outstanding would have been anti-dilutive. Prior to application of the treasury stock method, share equivalents (comprising restricted stock units, stock options, restricted stock awards, and shares issuable under the ESPP) excluded from the calculations of diluted net loss per share were 26.3 million and 25.7 million during the three months ended March 31, 2022 and 2021, respectively.