Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Reconciliation of the basic and diluted net loss per share computations

A reconciliation of the basic and diluted net loss per share computations for the three and six months ended June 30, 2015 and 2014, respectively, is as follows (in thousands, except per share data):



	For the three months ended June 30,
	2015			2014
Numerator:
Net loss	$	(2,455,064	)	$	(151,391	)
Denominator:
Average number of common shares outstanding (1)	80,941			65,024
Basic and diluted net loss per share	$	(30.33	)	$	(2.33	)



	For the six months ended June 30,
	2015			2014
Numerator:
Net loss	$	(2,535,260	)	$	(243,569	)
Denominator:
Average number of common shares outstanding (1)	77,151			63,983
Basic and diluted net loss per share	$	(32.86	)	$	(3.81	)

_______________________________________________________________________________

(1)

Basic earnings per share is computed by dividing net loss by the average number of common shares outstanding during the reporting period. In periods of net loss, the number of shares used to calculate diluted earnings per share is the same as basic earnings per share; therefore, the effect of dilutive securities is zero for such periods. The weighted average number of stock options and restricted stock units outstanding for the three months ended June 30, 2015 and 2014 totaling 2,650,893 and 1,886,269, respectively, were excluded from the calculation above because their effect would have been anti-dilutive. Additionally, the weighted average number of stock options and restricted stock units outstanding for the six months ended June 30, 2015 and 2014 totaling 2,391,103 and 1,347,812, respectively, were excluded from the calculation above because their effect would have been anti-dilutive.

Schedule of stock options exercised and restricted stock units vested

The tables below sets forth stock options exercised and restricted stock units vested for the three and six months ended June 30, 2015 and 2014:



	For the three months ended June 30,		For the six months ended June 30,
	2015	2014	2015	2014
Stock options exercised	—	8,659	—	18,300
Restricted stock units vested	23,388	42,849	119,009	78,552
Total	23,388	51,508	119,009	96,852