NET LOSS PER SHARE

3 Months Ended

Mar. 31, 2017

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, related to unexercised stock options, unvested restricted stock awards, outstanding shares under the employee stock purchase plan and convertible debt. As the Company had net losses for the three months ended March 31, 2017 and March 31, 2016, 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 March 31,
(in thousands, except for per share amounts)	2017		2016
Basic and diluted net loss per share
Net loss	$	(26,741)	$	(20,917)
Denominator		62,129		60,898
Basic and diluted net loss per share	$	(0.43)	$	(0.34)

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:

	March 31,	March 31,
(in thousands)	2017	2016
Convertible debt	17,931	17,931
Stock options and equivalents	8,517	9,905
Total potentially dilutive common shares	26,448	27,836