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Net Loss Per Share
6 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share

11.

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 net loss per share of basic and diluted (in thousands, except per share data):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

2017

 

 

December 31,

2016

 

 

December 31,

2017

 

 

December 31,

2016

 

 

 

 

 

 

 

(As adjusted)

 

 

 

 

 

 

(As adjusted)

 

Net loss

 

$

(31,923

)

 

$

(4,229

)

 

$

(27,547

)

 

$

(9,971

)

Weighted-average shares used in per share calculation - basic and diluted

 

 

113,621

 

 

 

107,425

 

 

 

112,931

 

 

 

106,690

 

Net loss per share - basic and diluted

 

$

(0.28

)

 

$

(0.04

)

 

$

(0.24

)

 

$

(0.09

)

 

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

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

2017

 

 

December 31,

2016

 

 

December 31,

2017

 

 

December 31,

2016

 

Options to purchase common stock

 

 

2,622

 

 

 

2,301

 

 

 

2,781

 

 

 

2,762

 

Restricted stock units

 

 

7,950

 

 

 

28

 

 

 

7,162

 

 

 

79

 

Employee Stock Purchase Plan shares

 

 

834

 

 

 

330

 

 

 

906

 

 

 

330

 

Total shares excluded

 

 

11,406

 

 

 

2,659

 

 

 

10,849

 

 

 

3,171