Net Loss Per Share

12 Months Ended

Dec. 31, 2019

The following table details the computation of the Company’s basic and diluted net loss per share:



Year Ended December 31,	2019			2018			2017
LendingClub net loss	$	(30,745	)	$	(128,308	)	$	(153,835	)
Weighted-average common shares – Basic ⁽¹⁾	87,278,596			84,583,461			81,799,189
Weighted-average common shares – Diluted ⁽¹⁾	87,278,596			84,583,461			81,799,189
Net loss per share attributable to LendingClub: ⁽¹⁾
Basic	$	(0.35	)	$	(1.52	)	$	(1.88	)
Diluted	$	(0.35	)	$	(1.52	)	$	(1.88	)


⁽¹⁾	All share and per share information has been retroactively adjusted to reflect the reverse stock split discussed below.

The following table summarizes the weighted-average common shares that were excluded from the Company’s diluted net loss per share computation because their effect would have been anti-dilutive for the periods presented:



Year Ended December 31,	2019	2018	2017
Stock options	455,627	893,425	1,176,534
RSUs and PBRSUs	59,812	63,959	10,363
Total⁽¹⁾	515,439	957,384	1,186,897


⁽¹⁾	All share information has been retroactively adjusted to reflect the reverse stock split discussed below.

A 1-for-5 reverse stock split of the Company’s common stock became effective on July 5, 2019 (the Reverse Stock Split). All share and per share information contained in these consolidated financial statements has been retroactively adjusted to reflect the Reverse Stock Split. The par value per share of the Company’s common stock was not adjusted as a result of the Reverse Stock Split. Accordingly, the change in total par value was recorded in additional paid-in capital and has been retroactively adjusted for all periods in these consolidated financial statements.