Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.3.0.814
Net Loss Per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss Per Share
Basic net loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed by using the weighted average number of common shares outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options and restricted stock using the treasury stock method. Weighted average shares from common share equivalents in the amount of 547,411 and 753,583 for the three months ended, and 912,944 and 1,549,922 for the nine months ended September 30, 2015 and 2014, respectively, were excluded from the dilutive shares outstanding because their effect was anti-dilutive.
The following table presents the calculation of basic and diluted net loss per share:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Net loss
$
(8,192
)
 
$
(3,257
)
 
$
(13,118
)
 
$
(10,384
)
Denominator:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Weighted average common shares used in computing basic net loss per share
76,564

 
77,280


76,772


77,075

Diluted:
 
 
 
 
 
 
 
Add weighted average effect of dilutive securities:
 
 
 
 
 
 
 
   Stock options and restricted stock
—

 
—

 
—

 
—

Weighted average common shares used in computing diluted net loss per share
76,564

 
77,280


76,772


77,075

Net loss share:
 
 
 
 
 
 
 
Basic
$
(0.11
)
 
$
(0.04
)
 
$
(0.17
)
 
$
(0.13
)
Diluted
$
(0.11
)
 
$
(0.04
)
 
$
(0.17
)
 
$
(0.13
)