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Net Income (Loss) Per Share
 12 Months Ended
Dec. 31, 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 years ended December 31, 2019, 2018, and 2017, there were 1,137,726, 1,312,737 and 653,354 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.
 
Year ended December 31,
In thousands except per share amounts
2019
 
2018
 
2017
Net income (loss) available to common stockholders:
 
 
 
 
 
Income (loss) from continuing operations
$
(346,896
)
 
$
(48,955
)
 
$
10,925

Income (loss) from discontinued operations
5,693

 
550

 
(12,244
)
 
$
(341,203
)
 
$
(48,405
)
 
$
(1,319
)
 
 
 
 
 
 
Weighted average shares:
 
 
 
 
 
Basic
218,812

 
188,606

 
180,096

Effect of stock-based compensation plans
—

 
—

 
4,048

Diluted
218,812


188,606

 
184,144

 
 
 
 
 
 
Basic income (loss) per share:
 
 
 
 
 
Income (loss) from continuing operations
$
(1.59
)
 
$
(0.26
)
 
$
0.06

Income (loss) from discontinued operations
0.03

 
—

 
(0.07
)
Basic(1)
$
(1.56
)

$
(0.26
)
 
$
(0.01
)
 
 
 
 
 
 
Diluted income (loss) per share:
 
 
 
 
 
Income (loss) from continuing operations
$
(1.59
)
 
$
(0.26
)
 
$
0.06

Income (loss) from discontinued operations
0.03

 
—

 
(0.07
)
Diluted(1)
$
(1.56
)

$
(0.26
)
 
$
(0.01
)

(1) Due to rounding, the sum of net income per share from continuing operations and discontinued operations may not equal net income per share.
In June 2019, the Company completed a $50.0 million “at the market” offering of its common stock, par value $0.01 per share (the “First Offering”). The First Offering was conducted pursuant to an Equity Distribution Agreement, entered into in May 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 in the First Offering. Proceeds from the First Offering were used to repay outstanding amounts under the Facility.
In September 2019, the Company completed a $75.0 million “at the market” offering of its common stock, par value $0.01 per share (the “Second Offering” and, together with the First Offering, referred to herein as the “Offerings”). The Second Offering was conducted pursuant to an Equity Distribution Agreement, entered into in August 2019 between the Company and Citigroup Global Markets Inc. and BMO Capital Markets Corp. as the sales agent. The Company sold a total of 14,219,677 shares of its common stock at an average price of $5.27 per share, raising net proceeds (after sales commissions) of $73.8 million in the Second Offering. Proceeds from the Offering were used to repay the Facility and for general working capital purposes.
Subsequent to the end of the period covered by this Report, the Company issued 0.9 million shares of common stock to satisfy the Resource contingent consideration (as defined below). See Note 21 -- Commitments and Contingencies for additional detail.