NET (LOSS) INCOME PER SHARE NET INCOME (LOSS) PER SHARE (Notes)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Net Loss Per Share [Text Block]

NET (LOSS) INCOME PER SHARE

Net (loss) income per common share is presented for both basic (loss) income per share (“Basic EPS”) and diluted (loss) income per share (“Diluted EPS”). Basic EPS is based on the weighted-average number of common shares outstanding during the period. Diluted EPS is based on the weighted-average number of common shares and common shares equivalents outstanding during the period.

The potential common shares that were considered anti-dilutive securities were excluded from the diluted earnings per share calculations for the relevant periods because the company reported a net loss for the period, the sum of the exercise price per share and the unrecognized compensation cost per share was greater than the average market price of the Company’s common stock for the relevant period, or they were considered contingently issuable. The contingently issuable potential common shares result from certain stock options and restricted stock units granted to the Company’s officers that vest based on performance conditions, market conditions, or a combination of performance or market conditions.

The following table sets forth (in thousands) potential common shares that were considered anti-dilutive securities at June 30, 2015 and for the six months ended June 30, 2014.

	June 30, 2015	June 30, 2014
Options	5,227	4,677
Non-vested restricted stock units	951	98
Anti-dilutive potential common shares	6,178	4,775

On June 15, 2015, the Company issued $125.0 million aggregate principal amount of its Notes. The Notes are convertible into cash, shares of the Company’s common stock or a combination of cash and shares of common stock, at the Company’s election, based on an initial conversion rate, subject to adjustment, of 45.5840 shares per $1,000 principal amount of Notes, which is equal to an initial conversion price of $21.94 per share. In connection with the offering of the Notes, the Company entered into the Capped Call (see Note 12, Long-Term Debt and Credit Agreement). The Capped Call has a strike price of $21.94 and a cap price of $26.00 and is exercisable by the Company when and if the Notes are converted. The Company will use the treasury stock method in computing the Diluted EPS impact of the Notes. The Capped Call will not be reflected in Diluted EPS as it will always be anti-dilutive.