NET LOSS PER SHARE

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

NET LOSS PER SHARE

17. NET LOSS PER SHARE

Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock and dilutive common stock equivalents outstanding. Given that the Company recorded a net loss for each of the periods presented, there is no difference between basic and diluted net loss per share since the effect of common stock equivalents would be anti-dilutive and are, therefore, excluded from the diluted net loss per share calculation.

	For the Year Ended December 31,
	2014			2013			2012
	(in thousands, except for per share amounts)
Net loss	$	(135,789	)	$	(111,985	)	$	(121,287	)
Weighted-average number of shares of common stock and common stock equivalents outstanding:
Weighted-average number of common stock outstanding for computing basic net loss per share		40,026			33,850			23,602
Dilutive effect of outstanding warrants and stock awards after application of the treasury stock method*		—			—			—
Weighted-average number of common stock outstanding for computing diluted net loss per share		40,026			33,850			23,602
Net loss per share—basic and diluted	$	(3.39	)	$	(3.31	)	$	(5.14	)

* Warrants, stock options, restricted stock units and stock appreciation rights to purchase approximately 5,386,203, 5,158,382 and 5,858,000 shares of common stock as of December 31, 2014, 2013 and 2012, respectively, were excluded from the net loss per share calculation as their effect would have been anti-dilutive.