Net Loss Per Share

Basic net 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 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, 2017 and 2016, all potential common shares were determined to be anti-dilutive, resulting in basic and diluted net loss per share being equal.

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,
	2017			2016			2017			2016
Numerator:
Net loss	$	(7,729	)	$	(13,883	)	$	(38,354	)	$	(46,084	)
Denominator:
Weighted average shares used to compute net loss per share, basic and diluted	55,196			52,328			54,534			51,297
Net loss per share—basic and diluted	$	(0.14	)	$	(0.27	)	$	(0.70	)	$	(0.90	)

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,
	2017	2016
Options to purchase common stock	3,450	4,931
Restricted stock units	2,038	2,080
ESPP shares	99	104
Common stock reserved for issuance in connection with acquisition	—	43
	5,587	7,158