Net Loss Per Share

12 Months Ended

Dec. 31, 2020

(18) Net Loss Per Share

We compute basic loss per share using net loss attributable to 3D Systems Corporation and the weighted average number of common shares outstanding during the applicable period. Diluted loss per share incorporates the additional shares issuable upon assumed exercise of stock options and the release of restricted stock and RSUs, except in such case when their inclusion would be anti-dilutive.


	Year Ended December 31,
(in thousands, except per share amounts)	2020		2019		2018
Numerator for basic and diluted net loss per share:
Net loss attributable to 3D Systems Corporation	$	(149,594)	$	(69,880)	$	(45,505)

Denominator for basic and diluted net loss per share:
Weighted average shares	117,579		113,811		112,327

Net loss per share - basic and diluted	$	(1.27)	$	(0.61)	$	(0.41)

For the years ended December 31, 2020, 2019 and 2018 the effect of dilutive securities, including non-vested stock options and restricted stock awards/units, was excluded from the denominator for the calculation of diluted net loss per share because we recognized a net loss for the period and their inclusion would be anti-dilutive. Dilutive securities excluded were 3,960, 5,822 and 5,015 shares for the years ended December 31, 2020, 2019 and 2018, respectively.

On August 5, 2020, we entered into an Equity Distribution Agreement for an At-The-Market equity offering program (“ATM Program”) where we may issue and sell, from time to time, shares of our common stock. Our ATM Program allowed for an aggregate gross sales price of up to a total of $150,000, depending upon market conditions and our liquidity requirements, through Truist Securities, Inc. and HSBC Securities (USA) Inc. For the year ended December 31, 2020, we sold 4,616 shares of our common stock under our ATM Program for net proceeds of $24,664, net of $849 in fees, commissions and other costs. As of December 31, 2020, we had $124,487 in availability remaining under the ATM Program, however, on January 6, 2021, we terminated the ATM Program. See Note 26.