NET LOSS PER SHARE

9 Months Ended

Sep. 30, 2020

NET LOSS PER SHARE

NET LOSS PER SHARE

NOTE 4—NET LOSS PER SHARE

Basic net loss per share (“EPS”) is calculated by dividing net income or loss attributable to common stockholders by the weighted average common stock outstanding. Diluted EPS is calculated by adjusting weighted average common shares outstanding for the dilutive effect of common stock options and restricted stock units. In periods in which a net loss is recorded, no effect is given to potentially dilutive securities, since the effect would be antidilutive. Securities that could potentially dilute basic EPS in the future were not included in the computation of diluted EPS because to do so would have been antidilutive. The calculations of basic and diluted net loss per share are as follows:

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
	(in thousands, except per share amounts)
Net loss (numerator)	$	(32,832)	$	(23,922)	$	(99,404)	$	(57,892)
Weighted-average shares (denominator)		40,187		34,372		39,972		34,254
Basic and diluted net loss per share	$	(0.82)	$	(0.70)	$	(2.49)	$	(1.69)

Potentially dilutive securities excluded from the computation of diluted earnings per share relate to stock options outstanding and unvested restricted shares and RSUs and totaled 5,056,288 shares as of September 30, 2020 and 4,124,169 shares as of September 30, 2019, and were excluded because including them would have an anti-dilutive impact.