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Earnings Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
The following table presents the reconciliation of the numerator and denominator for calculating net loss per share:
 
First Quarter
(In thousands, except per share data)
2017
 
2016
Numerator
 
 
 
Basic - net loss
$
(983
)
 
$
(13,300
)
Assumed conversions of Convertible Notes due 2017
—

 
—

Diluted - adjusted net loss
$
(983
)
 
$
(13,300
)
 
 
 
 
Denominator
 
 
 
Basic - weighted average common shares outstanding
84,153

 
83,258

Dilutive effect of stock options and restricted stock awards
—

 
—

Dilutive effect of Convertible Notes due 2017
—

 
—

Dilutive effect of Convertible Notes due 2021
—

 
—

Diluted - weighted average common shares outstanding
84,153

 
83,258

 
 
 
 
Net loss per common share
 
 
 
Basic
$
(0.01
)
 
$
(0.16
)
Diluted
$
(0.01
)
 
$
(0.16
)

We excluded the following weighted-average potential shares from the calculations of diluted net loss per share during the applicable periods because their inclusion would have been anti-dilutive:
 
First Quarter
(In thousands)
2017
 
2016
Stock options and restricted stock-based awards
8,083

 
6,265

Convertible Notes due 2017
7,569

 
15,280

Convertible Notes due 2021
—

 
—


The Convertible Notes due 2021 will not impact the calculation of diluted net income per share unless the average price of our common stock, as calculated in accordance with the terms of the indenture governing the Convertible Notes due 2021, exceeds the conversion price of $9.33 per share. We have the option to pay cash, issue shares of common stock, or any combination thereof for the aggregate amount due upon conversion of the Convertible Notes due 2021 as further described in Note 7 below. If converted, we currently intend to settle the principal amount of the notes in cash and as a result, only the amounts payable in excess of the principal amount of the notes, if any, are assumed to be settled with shares of common stock for purposes of computing diluted net income.