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Net Loss per Share
12 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Loss per Share

3. Net Loss per Share

Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by using the weighted-average number of shares of common stock outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options and restricted stock units using the treasury stock method.

The following table presents the calculation of basic and diluted net loss per share:

 

 

 

Fiscal Year Ended June 30,

 

 

 

2017

 

 

2016

 

 

2015

 

 

 

(In thousands, except per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(12,208

)

 

$

(19,420

)

 

$

(20,008

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares of common stock used in computing

   basic and diluted net loss per share

 

 

45,594

 

 

 

45,197

 

 

 

44,454

 

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted (1)

 

$

(0.27

)

 

$

(0.43

)

 

$

(0.45

)

Securities excluded from weighted-average shares used in computing diluted

   net loss per share because the effect would have been anti-dilutive: (2)

 

 

7,060

 

 

 

5,331

 

 

 

8,198

 

 

(1)

Diluted EPS does not reflect any potential common stock relating to stock options or restricted stock units due to net losses incurred in fiscal years 2017, 2016 and 2015. The assumed issuance of any additional shares would be anti-dilutive.

(2)

These weighted shares relate to anti-dilutive stock options and restricted stock units as calculated using the treasury stock method and could be dilutive in the future.