Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.7.0.1
Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
          Net income (loss) per share is determined by dividing the net income (loss) relevant to the common stockholders by the weighted average number of shares outstanding during the period. Diluted net income (loss) per common share uses the same net income (loss) divided by the number of shares that would be outstanding assuming dilutive options and stock are converted. The table below shows the calculations for the three and six months ended June 30, 2017 and 2016.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands, except for per share data)
 
2017
 
2016
 
2017
 
2016
Numerator (both basic and diluted)
 
 
 
 
 
 
 
 
Net income (loss) relevant to common stockholders
 
$
4,921

 
$
(9,294
)
 
$
(19,431
)
 
$
(22,231
)
Denominator
 
 
 
 
 
 
 
 
Denominator for basic income (loss) per share
 
83,040

 
39,496

 
69,593

 
37,244

Dilutive effect of stock options
 
2,867

 

 

 

Dilutive effect of performance stock units
 

 

 

 

Dilutive effect of non-vested restricted stock
 
372

 

 

 

Denominator for diluted income (loss) per share
 
86,279

 
39,496

 
69,593

 
37,244

Basic income (loss) per common share
 
$
0.06

 
$
(0.24
)
 
$
(0.28
)
 
$
(0.60
)
Diluted income (loss) per common share
 
$
0.06

 
$
(0.24
)
 
$
(0.28
)
 
$
(0.60
)


          As shown in the table below, the following non-vested restricted stock, performance stock units, and stock options have not been included in the calculation of diluted income (loss) per share as they would be anti-dilutive to the calculation above.
(In thousands)

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2017
 
2016
 
2017
 
2016
Stock options
 
793

 
3,371

 
4,640

 
3,371

Performance stock units
 
170

 

 
170

 

Non-vested restricted stock
 
319

 
372

 
692

 
372

 
 
1,282

 
3,743

 
5,502

 
3,743