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Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
NET INCOME (LOSS) PER SHARE
Basic net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.
For the three and six months ended June 30, 2016 and 2015, 439,721 and 3,375,337 shares and 1,600,669 and 3,415,129 shares, respectively, of common stock equivalents related to equity-based awards were not included in the diluted per share calculation as the shares would be antidilutive.
The 3.25% Convertible Senior Notes ("Convertible Notes") were not included in the computation of diluted net income (loss) per share for the three and six months ended June 30, 2016 and 2015 because there is no excess value upon conversion over the principal amount of the Convertible Notes.
 
Three months ended June 30,
 
Six months ended June 30,
In thousands except per share amounts
2016
 
2015
 
2016
 
2015
Net income (loss) available to common stockholders
$
14,497

 
$
(16,677
)
 
$
(5,899
)
 
$
(49,965
)
Weighted average shares:
 
 
 
 
 
 
 
Basic
153,972

 
135,036

 
152,110

 
118,897

Effect of stock-based compensation plans
3,928

 
—

 
—

 
—

Diluted
157,900


135,036


152,110


118,897

Income (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.09

 
$
(0.12
)
 
$
(0.04
)
 
$
(0.42
)
Diluted
$
0.09

 
$
(0.12
)
 
$
(0.04
)
 
$
(0.42
)


During the three months ended June 30, 2016, the Company completed a $75.0 million “at the market” stock offering. In connection with the offering, the Company sold 9,253,016 shares of its common stock at an average price of $8.11 per share.