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Net Loss Per Share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Net Loss Per Share

(14) Net Loss Per Share

The computation of basic and diluted net loss per share consists of the following:

 

 

 

Year ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

 

 

(In thousands, except share and per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(34,440

)

 

$

(19,321

)

 

$

(12,023

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, basic and diluted

 

 

23,738,852

 

 

 

23,390,235

 

 

 

23,139,807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share, basic and diluted

 

$

(1.45

)

 

$

(0.83

)

 

$

(0.52

)

Potentially dilutive common shares that were excluded from the computation of diluted net loss per share because they were anti-dilutive consist of the following:

 

 

Year ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Common stock options

 

 

2,994,452

 

 

 

2,432,906

 

 

 

2,063,574

 

Restricted common stock units

 

 

875,227

 

 

 

827,391

 

 

 

682,085

 

Common stock warrants

 

 

 

 

 

 

 

 

115

 

Restricted common stock awards

 

 

136,187

 

 

 

151,859

 

 

 

153,277

 

Total

 

 

4,005,866

 

 

 

3,412,156

 

 

 

2,899,051

 

In the table above, anti-dilutive shares consist of those common stock equivalents that have (i) an exercise price above the average stock price for the period or (ii) related average unrecognized stock compensation expense sufficient to buy back the entire amount of shares. The Company excludes the shares issued in connection with restricted stock awards from the calculation of basic weighted average common shares outstanding until the restrictions lapse.

As of December 31, 2018 and 2017, there was no dilutive impact of the common stock options, RSUs, common stock warrants and restricted stock awards.