Net Loss Per Share

9 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Net Loss Per Share

17. 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						Nine Months Ended
	March 31, 2020			March 31, 2019			March 31, 2020			March 31, 2019
Net loss	$	(44,352	)	$	(6,932	)	$	(105,628	)	$	(8,798	)
Weighted-average shares used in per share calculation - basic and diluted		119,162			117,944			119,648			117,619
Net loss per share - basic and diluted	$	(0.37	)	$	(0.06	)	$	(0.88	)	$	(0.07	)

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, 2020		March 31, 2019		March 31, 2020		March 31, 2019
Options to purchase common stock		3,090		780		3,055		621
Restricted stock units		9,204		1,907		9,676		888
Employee Stock Purchase Plan shares		742		965		742		965
Total shares excluded		13,036		3,652		13,473		2,474