Net Loss Per Share

3 Months Ended

Sep. 30, 2015

Basic earnings per share is calculated by dividing net earnings by the weighted average number of common shares outstanding during the period. Dilutive earnings per share is calculated by dividing net earnings by the weighted average number of common shares used in the basic earnings per share calculation plus the dilutive effect of shares subject to repurchase, options, warrants and unvested restricted stock.

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):



	Three Months Ended
	September 30, 2015			September 30, 2014
Net loss	$	(11,526	)	$	(19,330	)
Weighted-average shares used in per share calculation – basic and diluted	100,985			97,314
Net loss per share – basic and diluted	$	(0.11	)	$	(0.20	)

The following securities were excluded from the computation of diluted net loss per share of common stock for the periods presented as their effect would have been anti-dilutive (in thousands):



	September 30, 2015	September 30, 2014
Options to purchase common stock	8,301	6,866
Restricted stock units	6,657	1,765
Employee Stock Purchase Plan shares	147	216