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Net Income (Loss) Per Common Share (Tables)
12 Months Ended
Dec. 31, 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:

 

     Years Ended December 31,  
     2014      2013     2012  

Numerator:

       

Net income (loss)

   $ 276,452       $ (42,613   $ (41,257

Interest expense on convertible notes, net of tax

     14,030         —         —    
  

 

 

    

 

 

   

 

 

 

Numerator for diluted net income (loss) per common share calculation

   $ 290,482       $ (42,613   $ (41,257
  

 

 

    

 

 

   

 

 

 

Denominator:

       

Weighted-average common shares, basic

     76,929         75,165        73,480   

Dilutive effect of common stock equivalents

     8,071         —         —    
  

 

 

    

 

 

   

 

 

 

Weighted-average common shares, diluted

     85,000         75,165        73,480   
  

 

 

    

 

 

   

 

 

 

Net income (loss) per common share:

       

Basic net income (loss) per common share

   $ 3.59       $ (0.57   $ (0.56
  

 

 

    

 

 

   

 

 

 

Diluted net income (loss) per common share

   $ 3.42       $ (0.57   $ (0.56