2. Earnings per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

2. Earnings per Share

Note 2. Earnings per Share

Basic net income (loss) per common share is the amount of income (loss) for the period divided by the weighted average shares of common stock outstanding during the reporting period. Diluted income (loss) per common share is the amount of income (loss) for the period plus interest expense on convertible debt divided by the sum of weighted average shares of common stock outstanding during the reporting period and weighted average shares that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares.

The following table sets forth the computation of basic and diluted net loss per share (in thousands except per share data):

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2015		2014		2015		2014
Numerator:
Net loss	$	(32,235)	$	(6,234)	$	(55,909)	$	(15,776)
Denominator:
Weighted-average common shares, basic		52,399		37,828		45,481		37,551
Dilutive effective of stock options		-		-		-		-
Weighted-average common shares, diluted		52,399		37,828		45,481		37,551
Net loss per share, basic and diluted	$	(0.62)	$	(0.16)	$	(1.23)	$	(0.42)

The following table sets forth the potential common shares that could potentially dilute basic income per share in the future that were not included in the computation of diluted income (loss) per share because to do so would have been anti-dilutive for the periods presented (in thousands):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2015	2014	2015	2014
4.25% Convertible Notes	8,594	-	4,383	-
8.00% Convertible Notes	4,365	18,056	11,073	18,056
Stock options and restricted stock	1,524	-	1,804	-
Warrants	136	-	176	-
Total potential dilutive effect	14,619	18,056	17,436	18,056