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LOSS PER SHARE
9 Months Ended
Sep. 30, 2015
LOSS PER SHARE  
LOSS PER SHARE

13. LOSS PER SHARE

 

Basic loss per ordinary share is calculated based upon net loss available to holders of ordinary shares divided by the weighted average number of shares outstanding. For the three and nine months ended September 30, 2015 and 2014, as the Company was in a net loss position, the diluted loss per share does not assume conversion or exercise of stock options and awards as they would have an anti-dilutive effect on loss per share.  Therefore, the weighted average number of basic and diluted voting shares of ordinary shares outstanding for the three and nine months ended September 30, 2015 and 2014 was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30, 

 

September 30, 

 

(In thousands)

2015

    

2014

    

2015

    

2014

    

Weighted average number of ordinary shares outstanding

 

149,512

 

 

145,896

 

 

148,828

 

 

144,732

 

 

The following potential ordinary equivalent shares have not been included in the net loss per ordinary share calculation because the effect would have been anti-dilutive:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30, 

 

September 30, 

(In thousands)

    

2015

    

2014

    

2015

    

2014

Stock options

 

 

9,539

 

 

9,721

 

 

9,110

 

 

9,605

Restricted stock units

 

 

1,482

 

 

1,683

 

 

1,838

 

 

1,821

Total

 

 

11,021

 

 

11,404

 

 

10,948

 

 

11,426