Loss Per Common Share

9 Months Ended

Sep. 30, 2020

Basic loss per common share is determined by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss per share is determined by dividing net loss by the weighted average number of common shares outstanding, assuming all potentially dilutive shares were issued. We apply the treasury stock method to determine the dilutive weighted average common shares represented by unvested restricted stock units and employee stock purchase plan (“ESPP”) shares.

The following table summarizes the basic and diluted loss per share calculations (in thousands, except per share amounts):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Numerator
Net loss	$	(27,791)	$	(23,789)	$	(148,014)	$	(67,236)
Denominator


Basic and diluted weighted average common shares (1)	226,143		225,415		225,951		225,043
Loss per common share:

Basic and diluted	$	(0.12)	$	(0.11)	$	(0.66)	$	(0.30)



(1)	Approximate number of unvested restricted stock units and stock to be issued pursuant to the ESPP that have been excluded from the computation of diluted loss per share as the effect would be anti-dilutive when results from operations are at a net loss position.	1,105	587	1,052	722