Earnings Per Share

9 Months Ended

Sep. 30, 2019

EARNINGS PER SHARE

The components of basic and diluted earnings per share for the three and nine months ended September 30, 2019 and 2018 were as follows (in thousands, except per share data):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Net loss from continuing operations	$	(23,617	)	$	(64,678	)	$	(266,528	)	$	(148,592	)
Net income from discontinued operations	—			95,517			—			105,108
Net (loss) income	$	(23,617	)	$	30,839		$	(266,528	)	$	(43,484	)

Weighted average common shares outstanding	33,906			34,492			34,058			34,339

Basic and diluted net (loss) income per share:
Loss from continuing operations	$	(0.70	)	$	(1.88	)	$	(7.83	)	$	(4.33	)
Income from discontinued operations	—			2.77			—			3.06
Basic and diluted net (loss) income per share	$	(0.70	)	$	0.89		$	(7.83	)	$	(1.27	)

The following table sets forth the potential common shares issuable upon the exercise of outstanding options, the vesting of restricted stock units (“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):



	Nine Months Ended September 30,
	2019	2018
Options to purchase shares of common stock	3,988	3,700
Shares of common stock issuable upon the vesting of RSUs	1,645	1,135
Warrants	—	1,008
2022 Convertible Notes	11,695	11,695
2019 Convertible Notes	—	790
Total	17,328	18,328

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.