Net Loss per Share

6 Months Ended

Dec. 31, 2016

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:

	Three Months Ended						Six Months Ended
	December 31,						December 31,
	2016			2015			2016			2015
	(In thousands, except per share data)						(In thousands, except per share data)
Numerator:
Basic and Diluted:
Net loss	$	(7,850	)	$	(6,458	)	$	(11,419	)	$	(12,822	)
Denominator:
Basic and Diluted:
Weighted-average shares of common stock used in computing basic and diluted net loss per share		45,731			45,127			45,700			44,982
Net loss per share:
Basic and Diluted ⁽¹⁾	$	(0.17	)	$	(0.14	)	$	(0.25	)	$	(0.29	)
Securities excluded from weighted-average shares used in computing diluted net loss per share because the effect would have been anti-dilutive: ⁽²⁾		7,040			5,207			7,075			5,328

⁽¹⁾	Diluted net loss per share does not reflect any potential common stock relating to stock options or restricted stock units due to net losses incurred for the three and six months ended December 31, 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.