NET LOSS PER SHARE

9 Months Ended

Sep. 30, 2017

NET LOSS PER SHARE

NET INCOME PER SHARE

NOTE 3.  NET LOSS PER SHARE

Basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period, plus potentially dilutive common shares, related to unexercised stock options, unvested restricted stock awards, outstanding shares under the employee stock purchase plan and convertible debt. As the Company had net losses for the three and nine months ended September 30, 2017 and September 30, 2016, all potentially dilutive common shares were determined to be anti-dilutive. Basic and diluted earnings per common share are calculated as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except for per share amounts)	2017		2016		2017		2016
Basic and diluted net loss per share
Net loss	$	(15,992)	$	(12,894)	$	(69,392)	$	(44,352)
Denominator		62,997		61,422		62,556		61,163
Basic and diluted net loss per share	$	(0.25)	$	(0.21)	$	(1.11)	$	(0.73)

The following table sets forth outstanding potentially dilutive common shares that are not included in the computation of diluted net loss per share because to do so would be anti-dilutive:

	September 30,	September 30,
(in thousands)	2017	2016
Convertible debt	17,931	17,931
Stock options and equivalents	7,393	9,482
Total potentially dilutive common shares	25,324	27,413