Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Net Income (Loss) Per Share

Schedule of reconciliation between net income and the amounts used to compute basic and diluted net income per share and the weighted average shares outstanding used to compute basic and diluted net income per share

	Three Months Ended
	March 31,
	2016		2015
	(In thousands, except per share data)
Numerator:
Net loss	$	(58,993)	$	(78,909)
Basic income allocable to participating securities(1)		—		—
Basic net loss allocable to common shareholders		(58,993)		(78,909)
Diluted adjustments to income allocable to participating securities(1)		—		—
Diluted net loss allocable to common shareholders	$	(58,993)	$	(78,909)
Denominator:
Weighted average number of shares outstanding:
Basic		384,435		380,355
Restricted stock awards and units(1)(2)		—		—
Diluted		384,435		380,355
Net loss per share:
Basic	$	(0.15)	$	(0.21)
Diluted	$	(0.15)	$	(0.21)

(1) Our service vesting restricted stock awards represent participating securities because they participate in non-forfeitable dividends with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Our restricted stock awards with market and service vesting criteria and all restricted stock units are not considered to be participating securities and, therefore, are excluded from the basic net income (loss) per common share calculation. Our service vesting restricted stock awards do not participate in undistributed net losses because they are not contractually obligated to do so and, therefore, are excluded from the basic net income (loss) per common share calculation in periods we are in a net loss position.

(2) We excluded outstanding restricted stock awards and units of 13.6 million and 18.1 million for the three months ended March 31, 2016 and 2015, respectively, from the computations of diluted net income per share because the effect would have been anti-dilutive.