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Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Loss Per Share
The calculations of net loss per share were as follows:
   
Three months ended September 30,
 
Nine months ended September 30,
   
2016
 
2015
 
2016
 
2015
 
(Unaudited - In thousands, except per share data)
Basic:
   
 
   
 
   
 
   
Net loss
$
(24,085
)
 
$
(11,628
)
 
$
(561
)
 
$
(45,253
)
Weighted average common shares outstanding
20,387

 
20,919

 
20,390

 
20,892

Net loss per share
$
(1.18
)
 
$
(0.56
)
 
$
(0.03
)
 
$
(2.17
)
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Net loss
$
(24,085
)
 
$
(11,628
)
 
$
(561
)
 
$
(45,253
)
Weighted average common shares outstanding
20,387

 
20,919

 
20,390

 
20,892

Net loss per share
$
(1.18
)
 
$
(0.56
)
 
$
(0.03
)
 
$
(2.17
)

Basic and diluted average common shares outstanding for purposes of computing net income (loss) per share includes outstanding common shares and vested deferred stock units (DSUs).
If a consolidated or equity method partner company has dilutive stock options, unvested restricted stock, DSUs or warrants, diluted net income (loss) per share is computed by first deducting the income attributable to the potential exercise of the dilutive securities of the partner company from net income (loss). Any impact is shown as an adjustment to net income (loss) for purposes of calculating diluted net income (loss) per share.
Diluted earnings per share for the three and nine months ended September 30, 2016 and 2015 do not reflect the following potential shares of common stock that would have an anti-dilutive effect or have unsatisfied performance or market conditions:
•
At September 30, 2016 and 2015, options to purchase 0.7 million and 1.1 million shares of common stock, respectively, at prices ranging from $9.83 to $19.95 and $7.14 to $19.95, respectively, were excluded from the calculations.
•
At September 30, 2016 and 2015, unvested restricted stock, performance-based stock units and DSUs convertible into 0.6 million and 0.4 million shares of stock, respectively, were excluded from the calculations.
•
At September 30, 2016 and 2015, 3.0 million shares of common stock, representing the effect of the assumed conversion of the 2018 Debentures, were excluded from the calculations.