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Net Loss Per Share
9 Months Ended
Mar. 31, 2018
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

 

 

Nine Months Ended

 

 

 

March 31,

2018

 

 

March 31,

2017

 

 

March 31,

2018

 

 

March 31,

2017

 

 

 

 

 

 

 

(As adjusted)

 

 

 

 

 

 

(As adjusted)

 

Net loss

 

$

(13,613

)

 

$

(4,977

)

 

$

(41,160

)

 

$

(14,948

)

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

 

 

115,059

 

 

 

109,213

 

 

 

113,641

 

 

 

107,531

 

Net loss per share - basic and diluted

 

$

(0.12

)

 

$

(0.05

)

 

$

(0.36

)

 

$

(0.14

)

 

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

 

 

Nine Months Ended

 

 

 

March 31,

2018

 

 

March 31,

2017

 

 

March 31,

2018

 

 

March 31,

2017

 

Options to purchase common stock

 

 

2,379

 

 

 

 

 

 

2,649

 

 

 

398

 

Restricted stock units

 

 

8,213

 

 

 

4

 

 

 

7,670

 

 

 

7

 

Employee Stock Purchase Plan shares

 

 

972

 

 

 

269

 

 

 

1,101

 

 

 

269

 

Total shares excluded

 

 

11,564

 

 

 

273

 

 

 

11,420

 

 

 

674