Net Loss Per Share

9 Months Ended

Sep. 30, 2022

Basic net loss per share is calculated by dividing net loss attributable to common stockholders by the weighted average shares outstanding during the period.

The following table sets forth the computation of basic and diluted net loss per share:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions, except per share data)	2021		2022		2021		2022
Basic and diluted net loss per share:
Net loss attributable to common stockholders	$	(34.8)	$	(511.7)	$	(135.4)	$	(590.8)
Weighted average shares outstanding:
Common stock	209.3		210.8		207.3		210.7
Number of shares used in per share computations	209.3		210.8		207.3		210.7
Net loss per share	$	(0.17)	$	(2.43)	$	(0.65)	$	(2.80)

Potential common share equivalents consist of shares issuable upon the exercise of stock options, vesting of restricted stock or purchase under the Employee Stock Purchase Plan (the "ESPP"), as well as contingent shares associated with our acquisition of Datapipe Parent, Inc. Since we were in a net loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all potential common shares outstanding would have been anti-dilutive. We excluded 20.7 million and 24.2 million potential common shares from the computation of dilutive loss per share for the three months ended September 30, 2021 and 2022, respectively, and 20.7 million and 24.2 million potential shares for the nine months ended September 30, 2021 and 2022, respectively, because the effect would have been anti-dilutive.