Net Loss Per Share

9 Months Ended

Mar. 31, 2016

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						Nine Months Ended
	March 31, 2016			March 31, 2015			March 31, 2016			March 31, 2015
Net loss	$	(10,784	)	$	(23,548	)	$	(29,544	)	$	(55,983	)
Weighted-average shares used in per share calculation - basic and diluted		104,104			99,783			102,486			98,591
Net loss per share - basic and diluted	$	(0.10	)	$	(0.24	)	$	(0.29	)	$	(0.57	)

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):

	March 31, 2016		March 31, 2015
Options to purchase common stock		4,827		9,839
Restricted stock units		1,478		1,694
Employee Stock Purchase Plan shares		185		0