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Net Income (Loss) Per Common Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Calculation of Diluted Net Income (Loss) Per Common Share

The following table reconciles the numerator and denominator used to calculate diluted net income (loss) per common share:

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2014      2013     2014      2013  

Numerator:

          

Net income (loss)

   $ 77,993       $ (13,313   $ 112,247       $ (45,381
  

 

 

    

 

 

   

 

 

    

 

 

 

Denominator:

          

Weighted-average common shares, basic

     77,056         75, 255        76,629         75,032   

Dilutive effect of common stock equivalents

     4,167         —         4,095         —    
  

 

 

    

 

 

   

 

 

    

 

 

 

Weighted-average common shares, diluted

     81,223         75,255        80,724         75,032   
  

 

 

    

 

 

   

 

 

    

 

 

 

Net income (loss) per common share:

          

Basic net income (loss) per common share

   $ 1.01       $ (0.18   $ 1.46       $ (0.60
  

 

 

    

 

 

   

 

 

    

 

 

 

Diluted net income (loss) per common share

   $ 0.96       $ (0.18   $ 1.39       $ (0.60