Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2017

Net Loss Per Share

The calculations of net loss per share were as follows:



	Three months ended March 31,
	2017			2016
	(Unaudited - In thousands, except per share data)
Basic:
Net loss	$	(22,097	)	$	(15,452	)
Weighted average common shares outstanding	20,380			20,448
Net loss per share	$	(1.08	)	$	(0.76	)

Diluted:
Net loss	$	(22,097	)	$	(15,452	)
Weighted average common shares outstanding	20,380			20,448
Net loss per share	$	(1.08	)	$	(0.76	)

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 months ended March 31, 2017 and 2016 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 March 31, 2017 and 2016, 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 March 31, 2017 and 2016, unvested restricted stock, performance-based stock units and DSUs convertible into 0.9 million and 0.7 million shares of stock, respectively, were excluded from the calculations.


•	At March 31, 2017 and 2016, 3.0 million shares of common stock, representing the effect of the assumed conversion of the 2018 Debentures, were excluded from the calculations.