2. Earnings per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

2. Earnings per Share

Note 2. Earnings per Share

Basic net income (loss) per common share is the amount of net 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				Nine Months Ended
		September 30,				September 30,
		2016		2015		2016		2015
Numerator:
Net loss	$	(26,438)	$	(10,740)	$	(83,513)	$	(66,649)
Denominator:
Weighted-average common shares, basic		8,842		6,097		7,215		5,070
Dilutive effect of stock options		-		-		-		-
Weighted-average common shares, diluted		8,842		6,097		7,215		5,070
Net loss per share, basic and diluted	$	(2.99)	$	(1.76)	$	(11.57)	$	(13.15)

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		Nine Months Ended
	September 30,		September 30,
	2016	2015	2016	2015
4.25% Convertible Notes	1,133	1,133	1,133	673
8.00% Convertible Notes	-	-	-	734
Stock options and restricted stock	696	426	805	371
Warrants	33	-	33	-
Total potential dilutive effect	1,862	1,559	1,971	1,778