Net Loss Per Share

3 Months Ended

Mar. 31, 2017

NOTE 6. NET LOSS PER SHARE

Basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per common share is computed giving effect to all potential dilutive common shares, including common stock issuable upon exercise of stock options, and unvested restricted common stock and stock units. The Company uses the treasury-stock method to compute diluted earnings per share with respect to its stock options and common stock equivalents. For purposes of this calculation, options to purchase stock are considered to be potential common shares and are only included in the calculation of diluted net loss per share when their effect is dilutive. Basic and diluted loss per share are calculated as follows (in thousands, except share and per share data):


	Three Months Ended March 31,
	2017			2016
Numerator:
Net loss	$	(28,008	)	$	(23,467	)

Denominator:
Weighted average common shares outstanding - basic and diluted		47,343,234			33,466,955

Net loss per share - basic and diluted	$	(0.59	)	$	(0.70	)

For the three months ended March 31, 2017 and 2016, the total number of anti-dilutive outstanding common stock equivalents excluded from the net loss per common share computation was 6.1 million and 4.5 million, respectively.