Net Loss Per Share

3 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Net Loss Per Share

16. 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 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, 2019			September 30, 2018
Net loss	$	(37,738	)	$	(9,065	)
Weighted-average shares used in per share calculation - basic and diluted		120,226			117,368
Net loss per share - basic and diluted	$	(0.31	)	$	(0.08	)

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, 2019		September 30, 2018
Options to purchase common stock		2,898		989
Restricted stock units		9,305		1,913
Employee Stock Purchase Plan shares		750		—
Total shares excluded		12,953		2,902