Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v2.4.0.8
Net Loss Per Share
 6 Months Ended
Jun. 30, 2014
Net Loss Per Share  
Net Loss Per Share

9.Net Loss Per Share

 

Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period.

 

Diluted net loss per share is computed by giving effect to all potential shares of common stock, including stock options and restricted stock units, to the extent dilutive. Basic and diluted net loss per share were the same for the three and six months ended June 30, 2013 and 2014, as the inclusion of all potential common shares outstanding would have been anti-dilutive.

 

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

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

June 30,

 

 

 

2013

 

2014

 

2013

 

2014

 

 

 

(in thousands except per share
amounts)

 

(in thousands except per share
amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss

 

$
(6,902

)

$
(11,728

)

$
(45,588

)

$
(40,659

)

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding used in computing basic and diluted net loss per share

 
174,789

 
205,706

 
173,766

 
202,798

 

Net loss per share, basic and diluted

 

$
(0.04

)

$
(0.06

)

$
(0.26

)

$
(0.20

)

 

The following potential common shares outstanding were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive:

 

 

 

As of June 30,

 

 

 

2013

 

2014

 

 

 

(in thousands)

 

Options to purchase common stock

 
24,422 

 
12,647 

 

Restricted stock units

 
9,705 

 
11,797 

 

Total common stock equivalents

 
34,127 

 
24,444