EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share

The following table illustrates the determination of earnings (loss) per share for each period presented:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(in thousands, except per share amounts)
Basic Earnings (Loss) Per Share:
Numerator:
Net income (loss)	$	(26,344)	$	(54,335)	$	15,220	$	(60,815)
Less: Deemed dividend	(147)		—		(147)		—
Less: Income attributable to participating securities - basic	—		—		(322)		—
Net income (loss) attributable to common stockholders - basic	$	(26,491)	$	(54,335)	$	14,751	$	(60,815)
Denominator:
Weighted average common shares outstanding - basic	112,569		80,739		111,189		79,107
Net income (loss) per share applicable to common stockholders - basic	$	(0.24)	$	(0.67)	$	0.13	$	(0.77)
Dilutive Earnings (Loss) Per Share:
Numerator:
Net income (loss)	$	(26,344)	$	(54,335)	$	15,220	$	(60,815)
Less: Deemed Dividend	(147)		—		(147)		—
Less: Income attributable to participating securities - diluted	—		—		(2,473)
Net income (loss) attributable to common stockholders - diluted	$	(26,491)	$	(54,335)	$	12,600	$	(60,815)
Denominator:
Weighted average shares outstanding	112,569		80,739		111,189		79,107
Dilutive impact from:
Stock options and employee stock purchase plan	—		—		14		—
Weighted average common shares outstanding for diluted	112,569		80,739		111,203		79,107
Net income (loss) per share applicable to common stockholders - diluted	$	(0.24)	$	(0.67)	$	0.11	$	(0.77)

Schedule of Potentially Dilutive Securities Excluded from Diluted Loss Calculation

The following potentially dilutive securities outstanding as of June 30, 2020 and 2019 have been excluded from the denominator of the diluted income (loss) per share of common stock outstanding calculation as their effect is anti-dilutive (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2020	2019	2020	2019
Warrants	2,485	5,779	55	5,779
Stock options	9,990	26,307	9,989	26,307
	12,475	32,086	10,044	32,086