NET INCOME (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Computation of Basic and Diluted Net Loss Per Share

The following table presents the computation of basic and diluted net income (loss) per share for the periods presented.



	Years Ended December 31,
	2019		2018			2017
	(In thousands, except per share data)
Numerator:
Net income (loss)	$	161,148	$	(11,627	)	$	(45,192	)
Notes due 2023 interest and financing costs, net	1,088		—			—
Adjusted net income (loss)	$	162,236	$	(11,627	)	$	(45,192	)

Denominator:
Shares used in basic per share amounts:
Weighted average common shares outstanding	116,713		99,619			82,939

Shares used in diluted per share amounts:
Weighted average common shares outstanding	116,713		99,619			82,939
Effect of dilutive securities:
Employee stock-based awards	8,964		—			—
Warrants	—		—			—
Notes due 2024	451		—			—
Notes due 2023	5,516		—			—
Weighted average common shares outstanding for diluted calculation	131,644		99,619			82,939

Basic and diluted net income (loss) per share
Net income (loss) per share, basic	$	1.38	$	(0.12	)	$	(0.54	)
Net income (loss) per share, diluted	$	1.23	$	(0.12	)	$	(0.54	)

Schedule of Potentially Dilutive Securities Excluded from the Computation of Diluted Net Loss Per Share

The following outstanding shares of common stock equivalents were excluded from the calculation of the diluted net income (loss) per share attributable to common stockholders because their effect would have been antidilutive.



	Years Ended December 31,
	2019	2018	2017
	(In thousands)
Employee stock options	27	7,710	8,433
RSUs and PSUs	158	5,273	3,029
Warrants to purchase common stock	300	—	1,083
Notes due 2023	—	11,701	—
Total	485	24,684	12,545