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Earnings Per Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Diluted earnings per share is computed by dividing net income by the weighted average number of shares of common stock plus common stock equivalents. Common stock equivalents consist of employee and director stock options, restricted stock awards, other share-based payment awards, and contingently issuable shares related to the Company’s convertible debt which are included in the calculation of weighted average shares outstanding using the treasury stock method, if dilutive. The following table is a reconciliation of the basic and diluted earnings per share calculations for the three and six months ended June 30, 2015 and 2014, respectively:
 
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net loss
$
(58,920
)
 
$
(72,298
)
 
$
(79,626
)
 
$
(88,296
)
Denominator:
 
 
 
 
 
 
 
Denominator for basic loss per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding
23,560

 
23,351

 
23,511

 
23,337

Effect of dilutive securities:
 
 
 
 
 
 
 
Outstanding common stock equivalents
—

 
—

 
—

 
—

Denominator for diluted earnings per share
23,560

 
23,351

 
23,511

 
23,337

Basic loss per share
$
(2.50
)
 
$
(3.10
)
 
$
(3.39
)
 
$
(3.78
)
Diluted loss per share
$
(2.50
)
 
$
(3.10
)
 
$
(3.39
)
 
$
(3.78
)
Excluded outstanding share-based awards having an anti-dilutive effect
368

 
630

 
368

 
630

Excluded "in the money" portion of Convertible Notes having an anti-dilutive effect
—

 
1,024

 
—

 
1,332


The Convertible Notes are dilutive to the extent the Company generates net income and the average stock price during the period is greater than $10.28, which is the conversion price of the Convertible Notes. The Convertible Notes are only dilutive for the “in the money” portion of the Convertible Notes that could be settled with the Company’s stock. In future periods, absent a fundamental change (as defined in the Convertible Notes agreement), the outstanding Convertible Notes could increase diluted average shares outstanding by a maximum of approximately 5,600 shares.