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Loss Per Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Loss Per Share

7.

Loss Per Share

The Company calculates basic (loss) earnings per share by dividing (loss) income by the weighted average number of common shares outstanding. The Company computes diluted (loss) earnings per share after giving consideration to the dilutive effect of stock options and unvested restricted stock that are outstanding during the period, except where such securities would be anti-dilutive.

Basic and diluted loss per share was calculated as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

(In thousands)

 

Net loss

 

$

(22,219

)

 

$

(15,593

)

 

$

(43,575

)

 

$

(28,224

)

Weighted average shares outstanding, basic

   and diluted

 

 

42,836

 

 

 

34,916

 

 

 

42,441

 

 

 

34,820

 

Net loss per share, basic and diluted

 

$

(0.52

)

 

$

(0.45

)

 

$

(1.03

)

 

$

(0.81

)

 

The following common stock equivalents were excluded from the calculation of diluted loss per share because their inclusion would have been anti-dilutive:

 

 

 

Periods Ended June 30,

 

 

 

2018

 

 

2017

 

 

 

(In thousands)

 

Unvested restricted stock

 

 

261

 

 

 

982

 

Stock options

 

 

4,881

 

 

 

4,499

 

Total

 

 

5,142

 

 

 

5,481