WEIGHTED AVERAGE COMMON SHARES (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of weighted average number of common shares outstanding used in computation of basic and diluted earnings per share

The weighted average number of shares of common stock outstanding used in the computation of basic and diluted loss per share is as follows (in thousands):


	Three Months Ended March 31,
	2017	2016
Weighted average shares
Weighted average number of common shares outstanding - basic	66,090	66,034
Potential dilution from equity grants(1)	—	—
Weighted average number of common shares outstanding - diluted	66,090	66,034

(1)

The Company was in a net loss position for the three months ended March 31, 2017 and 2016. Therefore, no potential dilution from the application of the treasury stock method was applicable. Equity awards to purchase approximately 15.7 million shares of common stock for the three months ended March 31, 2017 and 8.4 million shares of common stock for the three months ended March 31, 2016 were excluded from the computation of diluted net loss per share as this effect would have been antidilutive.