Annual report pursuant to Section 13 and 15(d)

Common Stock and Net Loss per Common Share (Tables)

v3.8.0.1
Common Stock and Net Loss per Common Share (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Schedule of the computation of historical basic and diluted net loss per share The following table sets forth the computation of historical basic and diluted net loss per common share:
 
 
Year Ended December 31,
 
2015
 
2016
 
2017
 
(in thousands except per share amounts)
Numerator
 
 
 
 
 
Net loss
$
(169,661
)
 
$
(342,978
)
 
$
(518,395
)
Less: Stock dividend payable and transaction costs
—

 
—

 
40,166

Net loss available to common stockholders
(169,661
)
 
(342,978
)
 
(558,561
)
Denominator
 
 
 
 
 
Weighted-average common shares outstanding used in computing basic and diluted net loss per common share
213,790

 
230,693

 
243,637

Net loss per common share, basic and diluted
$
(0.79
)
 
$
(1.49
)
 
$
(2.29
)
Schedule of potential common shares that were excluded from the computation of diluted net loss per share The following potential common shares outstanding were excluded from the computation of diluted net loss per common share because including them would have been anti-dilutive:
 
 
As of December 31,
 
2015
 
2016
 
2017
 
(in thousands)
Shares issuable upon conversion of preferred stock
—

 
—

 
46,747

Restricted stock units
17,272

 
22,404

 
19,276

Options to purchase common stock
12,816

 
9,436

 
4,322

Performance awards*
776

 
2,369

 
1,486

Shares issuable pursuant to the ESPP
296

 
577

 
820

Total common stock equivalents
31,160

 
34,786

 
72,651

*Includes potential common shares outstanding for MSUs and PSUs