Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of the earnings (loss) per share data from a basic to a fully diluted basis is detailed below (amounts in thousands, except per share data): 

	Three Months Ended September 30,					Nine Months Ended September 30,
	2017			2016		2017		2016
Net income (loss)	$	(2,897	)	$	47,909	$	40,667	$	151,788
Convertible debt income adjustments, net of tax	—			—		—		1,047
Net income (loss) adjusted for convertible debt as used for diluted earnings per share	$	(2,897	)	$	47,909	$	40,667	$	152,835
Net income (loss) per share:
Basic	$	(0.02	)	$	0.38	$	0.33	$	1.24
Diluted (1)	$	(0.02	)	$	0.38	$	0.33	$	1.21
Shares used in computing net income (loss) per share:
Weighted average basic shares outstanding	124,986			125,855		124,691		122,232
Dilutive securities:
Stock option and unvested RSUs	—			479		355		1,137
Shares issuable upon conversion of the notes	—			—		—		2,696
Total dilutive securities	—			479		355		3,833
Weighted average diluted shares outstanding	124,986			126,334		125,046		126,065
Shares subject to stock options omitted from the calculation of income (loss) per share as their effect would have been anti-dilutive	2,108			3,345		3,264		3,079

(1) As a result of the Company's expectation that it would likely settle all future note conversions in shares of the Company's common stock, the diluted income from continuing operations per share calculation for the periods prior to the complete conversion of the convertible debt on June 1, 2016, included the dilutive effect of convertible debt and was offset by the exclusion of interest expense and deferred financing fees related to the convertible debt of $1.0 million, after-tax for the nine month period ended September 30, 2016.