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Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2019
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, 2019, 3,241,533 common stock equivalents, respectively, related to equity-based awards were not included in the diluted earnings per share calculation as the shares would be antidilutive. Similarly,1,528,162 and 1,563,841 common stock equivalents were excluded in the diluted earnings per share calculation for the three and six months ended June 30, 2018, respectively.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
In thousands except per share amounts
2019
 
2018
 
2019
 
2018
Net income (loss) available to common stockholders:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(36,764
)
 
$
2,930

 
$
(61,658
)
 
$
3,621

Income (loss) from discontinued operations
—

 
—

 
5,693

 
550

 
$
(36,764
)
 
$
2,930

 
$
(55,965
)
 
$
4,171

 
 
 
 
 
 
 
 
Weighted average shares:
 
 
 
 
 
 
 
Basic
207,809

 
185,183

 
205,103

 
184,777

Effect of stock-based compensation plans
—

 
2,305

 
—

 
2,780

Diluted
207,809


187,488


205,103


187,557

 
 
 
 
 
 
 
 
Basic income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.18
)
 
$
0.02

 
$
(0.30
)
 
$
0.02

Income (loss) from discontinued operations
—

 
—

 
0.03

 
—

Basic(1)
$
(0.18
)
 
$
0.02

 
$
(0.27
)

$
0.02

 
 
 
 
 
 
 
 
Diluted income (loss) per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.18
)
 
$
0.02

 
$
(0.30
)
 
$
0.02

Income (loss) from discontinued operations
—

 
—

 
0.03

 
—

Diluted(1)
$
(0.18
)
 
$
0.02

 
$
(0.27
)

$
0.02


(1) Due to rounding, the sum of net income per share from continuing operations and discontinued operations may not equal net income per share.
On June 4, 2019, the Company completed a $50.0 million “at the market” offering of its common stock, par value $0.01 per share (the “Offering”). The Offering was conducted pursuant to an Equity Distribution Agreement, entered into on May 20, 2019 between the Company and Citigroup Global Markets Inc. as the sales agent. The Company sold a total of 16,630,444 shares of its common stock at an average price of $3.00 per share, raising net proceeds (after sales commissions) of $48.9 million. Proceeds from the Offering were used to repay the RCF.