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Net loss per share
 6 Months Ended
Jun. 30, 2016
Net loss per share  
Net loss per share

7.Net loss per share

 

Basic earnings per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income (loss) by the weighted-average number of common shares plus the effect of dilutive potential common shares outstanding during the period.

 

The following tables set forth the computation of basic and diluted net loss per share:

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2016

 

2015

 

2016

 

2015

 

Numerator

 

 

 

 

 

 

 

 

 

Net loss

 

$
(38,914

)

$
(38,361

)

$
(80,147

)

$
(76,276

)

Denominator

 

 

 

 

 

 

 

 

 

Denominator for basic and diluted net loss per share

 
34,000,333

 
33,600,653

 
33,959,751

 
33,335,674

 

 

 

 

 

 

 

 

 

 

 

Net loss per share:

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$
(1.14

)*

$
(1.14

)*

$
(2.36

)*

$
(2.29

)*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*In the three and six months ended June 30, 2016 and 2015, the Company experienced a net loss and therefore did not report any dilutive share impact.

 

The following table shows historical dilutive common share equivalents outstanding, which are not included in the above historical calculation, as the effect of their inclusion is anti-dilutive during each period.

 

 

 

As of June 30,

 

 

 

2016

 

2015

 

Stock Options

 
5,969,382 

 
4,663,852 

 

Unvested restricted stock awards and units

 
274,490 

 
353,135 

 

 

 

 

 

 

 

Total

 
6,243,872 

 
5,016,987