Net Loss per Share

6 Months Ended

Jun. 30, 2014

Net Loss per Share

Net Loss per Share

2. Net Loss per Share

Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding, less restricted stock awards (“RSAs”) subject to forfeiture. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding, less RSAs subject to forfeiture, plus all additional common shares that would have been outstanding, assuming dilutive potential common shares had been issued for other dilutive securities.

For the three months and six months ended June 30, 2014 and 2013, diluted and basic net loss per share were identical since potential common shares were excluded from the calculation, as their effect was anti-dilutive.

The computations for basic and diluted net loss per share were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands, except for per share amounts)	2014			2013			2014			2013
Numerator:
Loss from continuing operations, net of tax	$	(20,151	)	$	(1,541	)	$	(36,333	)	$	(12,287	)
Loss from discontinued operations	(43,413		)	(34,888		)	(94,934		)	(61,502		)
Net loss	$	(63,564	)	$	(36,429	)	$	(131,267	)	$	(73,789	)
Denominator:
Weighted-average number of shares outstanding	113,163			100,316			112,608			99,677
Less: unvested RSAs	(2,189		)	(2,713		)	(2,189		)	(2,713		)
Weighted-average number of shares used to compute basic and diluted net loss per share	110,974			97,603			110,419			96,964
Basic and diluted net loss per share:
Continuing operations, net of tax	$	(0.18	)	$	(0.02	)	$	(0.33	)	$	(0.13	)
Discontinued operations	(0.39		)	(0.35		)	(0.86		)	(0.63		)
Basic and diluted net loss per share	$	(0.57	)	$	(0.37	)	$	(1.19	)	$	(0.76	)

Anti-Dilutive Securities

The following common equivalent shares were not included in the computation of diluted net loss per share because their effect was anti-dilutive:

	Three Months Ended June 30,		Six Months Ended June 30,
(In thousands)	2014	2013	2014	2013
Shares issuable under equity incentive plans and ESPP	6,136	3,848	5,942	4,519
Shares issuable upon the conversion of convertible subordinated notes	17,869	17,015	17,869	15,643
Total anti-dilutive securities	24,005	20,863	23,811	20,162