Net Loss Per Share

3 Months Ended

Sep. 30, 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):

	For the three months ended
	September 30, 2016			September 30, 2015
Net loss	$	(6,479	)	$	(11,526	)
Weighted-average shares used in per share calculation - basic and diluted		105,955			100,985
Net loss per share - basic and diluted	$	(0.06	)	$	(0.11	)

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, 2016		September 30, 2015
Options to purchase common stock		3,715		8,301
Restricted stock units		1,635		6,657
Employee Stock Purchase Plan shares		201		147
Total shares excluded		5,551		15,105