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INCOME (LOSS) PER SHARE
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
INCOME (LOSS) PER SHARE
INCOME (LOSS) PER SHARE
Basic net income (loss) per share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share is computed using the weighted-average number of common shares and the effect of potentially dilutive securities outstanding during the period. Potentially dilutive securities include stock options, restricted stock units, performance share units, performance bonus awards, ESPP shares, warrants and convertible senior notes. If dilutive, those potentially dilutive securities are reflected in diluted net income (loss) per share by application of the treasury stock method, except for the convertible senior notes, which are subject to the if-converted method.
The following table sets forth the computation of basic and diluted net income (loss) per share of common stock for the three and nine months ended September 30, 2018 and 2017 (in thousands, except share amounts and per share amounts):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Basic and diluted net income (loss) per share:
 
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
 
Net income (loss) - continuing operations
$
47,175

 
$
3,802

 
$
(47,874
)
 
$
(22,470
)
Less: Net income (loss) attributable to noncontrolling interests
2,560

 
2,881

 
9,433

 
9,460

Net income (loss) attributable to common stockholders - continuing operations
44,615

 
921

 
(57,307
)
 
(31,930
)
Net income (loss) attributable to common stockholders - discontinued operations

 
(862
)
 

 
(1,751
)
Net income (loss) attributable to common stockholders
$
44,615

 
$
59

 
$
(57,307
)
 
$
(33,681
)
Denominator
 
 
 
 
 
 
 
Shares used in computation of basic net income (loss) per share
568,634,988

 
557,221,040

 
565,227,625

 
559,726,154

Weighted-average effect of dilutive securities
7,744,433

 
9,448,009

 

 

Shares used in computation of diluted net income (loss) per share
576,379,421

 
566,669,049

 
565,227,625

 
559,726,154

 
 
 
 
 
 
 
 
Basic and diluted net income (loss) per share (1):
 
 
 
 
 
 
 
Continuing operations
$
0.08

 
$
0.00

 
$
(0.10
)
 
$
(0.06
)
Discontinued operations
0.00

 
(0.00
)
 
0.00

 
(0.00
)
Basic and diluted net income (loss) per share
$
0.08

 
$
0.00

 
$
(0.10
)
 
$
(0.06
)
(1)
The potentially dilutive impacts of outstanding equity awards, warrants and convertible senior notes have been excluded from the calculation of dilutive net income (loss) per share for the nine months ended September 30, 2018 and 2017 as their effect on net income (loss) per share from continuing operations was antidilutive.
The following weighted-average potentially dilutive instruments are not included in the diluted net income (loss) per share calculations above because they would have had an antidilutive effect on the net income (loss) per share from continuing operations:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Restricted stock units
12,462,410

 
7,220,418

 
31,072,428

 
27,801,509

Other stock-based compensation awards
16,000

 
16,000

 
2,073,802

 
3,405,560

Convertible senior notes
46,296,300

 
46,296,300

 
46,296,300

 
46,296,300

Warrants
46,296,300

 
46,296,300

 
46,296,300

 
46,296,300

Total
105,071,010

 
99,829,018

 
125,738,830

 
123,799,669

We had outstanding performance share units as of September 30, 2018 and 2017 that were eligible to vest into shares of common stock subject to the achievement of specified performance conditions. Contingently issuable shares are excluded from the computation of diluted earnings per share if, based on current period results, the shares would not be issuable if the end of the reporting period were the end of the contingency period. There were up to 5,326,725 and 1,179,984 shares of common stock issuable upon vesting of outstanding performance share units as of September 30, 2018 and 2017, respectively, that were excluded from the table above as the performance conditions were not satisfied as of the end of the respective periods.