Net Loss Per Share

6 Months Ended

Dec. 31, 2015

10.	Net Loss Per Share

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 units.

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

	Three Months Ended						Six Months Ended
	December 31, 2015			December 31, 2014			December 31, 2015			December 31, 2014
Net loss	$	(7,234	)	$	(13,105	)	$	(18,760	)	$	(32,435	)
Weighted-average shares used in per share calculation - basic and diluted		102,369			98,677			101,677			97,996
Net loss per share - basic and diluted	$	(0.07	)	$	(0.13	)	$	(0.18	)	$	(0.33	)

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):

	December 31, 2015		December 31, 2014
Options to purchase common stock		5,280		9,203
Restricted stock units		1,895		1,369
Employee Stock Purchase Plan shares		449		563