Net Loss Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Net Loss Per Share

(9) Net Loss Per Share

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2019			2018			2019			2018
	(In thousands, except share and per share data)
Numerator:
Net loss	$	(2,289	)	$	(6,532	)	$	(13,609	)	$	(20,332	)
Denominator:
Weighted average shares outstanding, basic and diluted		24,171,811			23,808,703			24,074,565			23,707,245
Net loss per share, basic and diluted	$	(0.09	)	$	(0.27	)	$	(0.57	)	$	(0.86	)

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:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Common stock options		3,683,858		2,994,452		3,683,858		2,994,452
Restricted common stock units		1,105,415		921,227		1,105,415		921,227
Restricted common stock awards		128,453		136,187		128,453		136,187
Total		4,917,726		4,051,866		4,917,726		4,051,866

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.