Net Loss per Share Attributable to Common Stockholders

In July 2018, the Company completed an initial public offering of its common shares wherein 20,700,000 shares of Class A common stock were sold into the market. Added to existing shares of Class B common stock were shares mandatorily converted from various financial instruments as a result of the IPO. See Note 8 - Convertible Notes, Convertible Preferred Stock and Common and Preferred Stock Warrants.

Net loss per share (basic) attributable to common stockholders is calculated by dividing net loss attributable to common stockholders by the weighted-average shares of common stock outstanding for the period. Net loss per share (diluted) is computed by using the "if-converted" method when calculating the potential dilutive effect, if any, of convertible shares whereby net loss attributable to common stockholders is adjusted by the effect of dilutive securities such as awards under equity compensation plans and inducement awards under separate restricted stock unit (RSU) award agreements. Net loss per share (diluted) attributable to common stockholders is then calculated by dividing the resulting adjusted net loss attributable to common stockholders by the combined weighted-average number of fully diluted common shares outstanding.

There were no adjustments to net loss attributable to common stockholders in determining net loss attributable to common stockholders (diluted). Equally, there were no adjustments to the weighted average number of outstanding shares of common stock (basic) in arriving at the weighted average number of outstanding shares (diluted), as such adjustments would have been antidilutive.

Net loss per share is the same for each class of common stock as they are entitled to the same liquidation and dividend rights with the exception of voting rights. As a result, net loss per share (basic) and net loss per share (diluted) attributed to common stockholders are the same for both Class A and Class B common stock and are combined for presentation. The following table sets forth the computation of the Company's net loss per share (basic) and net loss per share (diluted) attributable to common stockholders (in thousands, except per share amounts):




	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017

Numerator:
Net loss attributable to common stockholders	$	(78,579	)	$	(71,831	)	$	(141,972	)	$	(194,838	)
Less: noncumulative dividends to preferred stockholders	—			—			—			—
Less: undistributed earnings to participating securities	—			—			—			—
Net loss attributable to common stockholders (basic)	(78,579		)	(71,831		)	(141,972		)	(194,838		)
Add: adjustments to undistributed earnings to participating securities	—			—			—			—
Net loss attributable to common stockholders (diluted)	$	(78,579	)	$	(71,831	)	$	(141,972	)	$	(194,838	)
Denominator:
Weighted average shares of common stock (basic)	81,321			10,305			34,347			10,220
Effect of potentially dilutive stock options	—			—			—			—
Weighted average shares of common stock (diluted)	81,321			10,305			34,347			10,220
Net loss per share attributable to common stockholders:
Basic and diluted	$	(0.97	)	$	(6.97	)	$	(4.13	)	$	(19.06	)

The following common stock equivalents (in thousands) were excluded from the computation of net loss per share attributable to common shareholders (diluted) for the periods presented as their inclusion would have been antidilutive:



	Three Months Ended September 30,		Nine Months Ended September 30,
	2018	2017	2018	2017

Convertible and non-convertible redeemable preferred stock and convertible notes	24,512	85,241	27,219	85,241
Stock options to purchase common stock	3,454	2,905	3,454	2,762
Convertible redeemable preferred stock warrants	—	60	—	60
Convertible redeemable common stock warrants	89	313	89	312
	28,055	88,519	30,762	88,375