Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.4.0.3
Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator

A reconciliation of the numerator and denominator used in the calculation is as follows (in thousands, except per share amounts):

 

 

Three Months Ended

March 31,

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

Net loss

$

(7,852

)

 

$

(11,154

)

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

71,488

 

 

 

66,732

 

 

 

 

 

 

 

 

 

Net loss per share

 

 

 

 

 

 

 

Basic

$

(0.11

)

 

$

(0.17

)

Diluted

$

(0.11

)

 

$

(0.17

)

 

Warrants, Options and Purchase Rights Excluded from Computation of Diluted Net Loss Per Share

The following outstanding warrants, options and purchase rights under the Company’s 2004 Employee Stock Purchase Plan (“2004 Purchase Plan”)   were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an antidilutive effect (in thousands):

 

 

Three Months Ended

March 31,

 

 

2016

 

 

2015

 

Shares issuable upon exercise of warrants

 

8,300

 

 

 

12,146

 

Shares issuable upon exercise of stock options

 

11,561

 

 

 

9,993

 

Shares issuable related to the 2004 Purchase Plan

 

39

 

 

 

29