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
	September 30, 2018			September 30, 2017

Net (loss) income	$	(9,065	)	$	4,376

Weighted-average shares used in per share calculation - basic		117,368			112,241
Effect of potentially dilutive shares:
Options to purchase common stock		—			1,760
Restricted stock units		—			4,007
Employee Stock Purchase Plan shares		—			423
Weighted-average shares used in per share calculation - diluted		117,368			118,431
Net (loss) income per share:
Net (loss) income per share - basic	$	(0.08	)	$	0.04
Net (loss) income per share - diluted	$	(0.08	)	$	0.04

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
	September 30, 2018		September 30, 2017
Options to purchase common stock		989		—
Restricted stock units		1,913		496
Employee Stock Purchase Plan shares		—		204
Total shares excluded		2,902		700