Basic and Diluted Net Income (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of components of basic and diluted net income (loss) per share

The components of basic and diluted net income (loss) per share for the three and nine months ended September 30, 2017 and 2016, were as follows (in thousands, except per share data):



	Three Months Ended September 30,					Nine Months Ended September 30,
	2017			2016		2017			2016
Net (loss) income	$	(152,061	)	$	16,196	$	(202,688	)	$	8,074
Weighted average common shares outstanding	35,311			34,171		34,948			34,377
Effect of dilutive securities:
Stock options and RSUs	—			558		—			387
2019 Convertible Notes	—			7,382		—			—
Shares used in calculating dilutive net (loss) income per share	35,311			42,111		34,948			34,764

Net (loss) income per share:
Basic	$	(4.31	)	$	0.47	$	(5.80	)	$	0.23
Diluted	$	(4.31	)	$	0.43	$	(5.80	)	$	0.23

Schedule of anti-dilutive securities from computation of diluted net income (loss) per share

The following table sets forth the potential common shares issuable upon the exercise of outstanding options, the vesting of RSUs, the exercise of warrants (prior to consideration of the treasury stock method), and the conversion of the Convertible Notes, which were excluded from our computation of diluted net income (loss) per share because their inclusion would have been anti-dilutive (in thousands):



	Three Months Ended September 30,		Nine Months Ended September 30,
	2017	2016	2017	2016
Options to purchase shares of common stock	3,145	2,218	3,389	2,778
Shares of common stock issuable upon the vesting of RSUs	932	249	1,140	654
Warrants	1,008	7,382	1,008	7,382
2022 Convertible Notes	11,695	—	11,695	—
2019 Convertible Notes	790	—	790	7,382
Total	17,570	9,849	18,022	18,196