XML 36 R20.htm IDEA: XBRL DOCUMENT v3.19.1
Earnings Per Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The components of basic and diluted earnings per share for the three months ended March 31, 2019 and 2018 were as follows (in thousands, except per share data):
 
Three Months Ended March 31,
 
2019
 
2018
Net loss from continuing operations
$
(122,084
)
 
$
(58,099
)
Net income from discontinued operations

 
3,857

Net loss
$
(122,084
)
 
$
(54,242
)
 
 
 
 
Weighted average common shares outstanding
34,469

 
34,162

 
 
 
 
Basic and diluted net income (loss) per share:
 
 
 
Loss from continuing operations
$
(3.54
)
 
$
(1.70
)
Income from discontinued operations

 
0.11

Basic and diluted net loss per share
$
(3.54
)
 
$
(1.59
)

The following table sets forth the potential common shares issuable upon the exercise of outstanding options, the vesting of RSUs, and the conversion of the Convertible Notes, which were excluded from our computation of diluted net loss per share because their inclusion would have been anti-dilutive (in thousands):
 
Three Months Ended March 31,
 
2019
 
2018
Options to purchase shares of common stock
3,946

 
3,771

Shares of common stock issuable upon the vesting of RSUs
1,720

 
1,401

Warrants

 
1,008

2022 Convertible Notes
11,695

 
11,695

2019 Convertible Notes

 
790

Total
17,361

 
18,665


In connection with the issuance of the 2019 Convertible Notes, in February 2014, we entered into convertible bond hedges. The convertible bond hedges are not included for purposes of calculating the number of diluted shares outstanding, as their effect would be anti-dilutive. The convertible bond hedges were terminated in February 2019 in connection with the maturity of the 2019 Convertible Notes.