NET LOSS PER SHARE

6 Months Ended

Jun. 30, 2016

NET LOSS PER SHARE

NET INCOME PER SHARE

NOTE 3.  NET LOSS PER SHARE

Basic net loss per share is calculated 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 calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period, plus potentially dilutive common shares, consisting of unexercised stock options, unvested restricted stock awards, outstanding shares under the employee stock purchase plan and convertible debt. As we had net losses for the three and six months ended June 30, 2016 and June 30, 2015, all potentially dilutive common shares were determined to be anti-dilutive. Basic and diluted earnings per common share are calculated as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except for per share amounts)	2016		2015		2016		2015
Basic and diluted net loss per share
Net loss	$	(10,541)	$	(21,653)	$	(31,458)	$	(33,286)
Denominator		61,166		59,992		61,032		59,778
Basic and diluted net loss per share	$	(0.17)	$	(0.36)	$	(0.52)	$	(0.56)

The following table sets forth outstanding potentially dilutive common shares that are not included in the computation of diluted net loss per share because to do so would be anti-dilutive:

	June 30,	June 30,
(in thousands)	2016	2015
Convertible debt	17,931	17,931
Stock options and restricted stock units	9,645	8,656
Total potentially dilutive common shares	27,576	26,587