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Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the weighted-average number of common shares outstanding used in the calculation of basic and diluted net income (loss) per share:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
Numerator (in thousands):
 
2017
 
2016
 
2017
 
2016
Basic and Diluted
 
 
 
 
 
 
 
 
Net income (loss)
 
$
158,465

 
$
7,082

 
$
132,383

 
$
(43,456
)
Undistributed earnings allocated to participating securities
 
(139
)
 
(39
)
 
(241
)
 

Net income (loss) attributable to common stockholders - basic
 
$
158,326

 
$
7,043

 
$
132,142

 
$
(43,456
)
Additional undistributed earnings allocated to unvested shareholders
 

 

 
1

 

Net income (loss) attributable to common stockholders - diluted
 
$
158,326

 
$
7,043

 
$
132,143

 
$
(43,456
)
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders - basic
 
50,554,234

 
50,124,302

 
50,462,990

 
50,024,047

Potentially dilutive options and restricted stock units
 
45,740

 
494,455

 
221,735

 

Weighted-average shares used in computing net income (loss) per share attributable to common stockholders – diluted
 
50,599,974

 
50,618,757

 
50,684,725

 
50,024,047

 
 
 
 
 
 
 
 
 
Basic net income (loss) per common share
 
$
3.13

 
$
0.14

 
$
2.62

 
$
(0.87
)
Diluted net income (loss) per common share
 
$
3.13

 
$
0.14

 
$
2.61

 
$
(0.87
)
Anti-dilutive equity-based incentive awards excluded from the computation of diluted income (loss) per share
 
6,029,156

 
3,593,708

 
4,618,618

 
4,410,974

Maximum price of awards excluded from the computation of diluted income (loss) per share
 
$
6.75

 
$
13.38

 
$
6.75

 
$
13.38