Net Loss Per Share

9 Months Ended

Dec. 31, 2016

Basic loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of employee share-based awards and warrants. Diluted net loss per common share is computed giving effect to all potential dilutive common shares, including common stock issuable upon exercise of stock options and unvested restricted common stock. As the Company had net losses for each of the three and nine months ended December 31, 2016 and 2015, all potential common shares were determined to be anti-dilutive.

The following table sets forth the computation of net loss per share, basic and diluted (in thousands, except per share amounts):



	Three Months Ended December 31,						Nine Months Ended December 31,
	2016			2015			2016			2015
Numerator:
Net loss	$	(13,883	)	$	(18,355	)	$	(46,084	)	$	(48,293	)
Denominator:
Weighted average shares used to compute net loss per share, basic and diluted	52,328			48,953			51,297			48,001
Net loss per share—basic and diluted	$	(0.27	)	$	(0.37	)	$	(0.90	)	$	(1.01	)

The following outstanding options, unvested shares, and ESPP shares were excluded (as common stock equivalents) from the computation of diluted net loss per common share for the periods presented as their effect would have been antidilutive (in thousands):



	As of December 31,
	2016	2015
Options to purchase common stock	4,931	7,577
Common stock reserved for issuance in connection with acquisition	43	90
Restricted stock units	2,080	1,501
ESPP shares	104	67
	7,158	9,235