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NET LOSS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Share

 

     For the Three Months Ended
March 31,
 
     2015      2014  
     (in thousands, except per
share amounts)
 

Net loss

   $ (61,559 )    $ (28,273

Weighted-average number of shares of common stock and common stock equivalents outstanding:

     

Weighted-average number of shares of common stock outstanding for computing basic earnings per share

     41,324        37,821  

Dilutive effect of outstanding warrants and stock options after application of the treasury stock method*

     —          —    

Weighted-average number of shares of common stock and dilutive common stock equivalents outstanding for computing diluted earnings per share

     41,324        37,821  

Net loss per share — basic and diluted

   $ (1.49 )    $ (0.75

 

* For the three months ended March 31, 2015, stock options, restricted stock awards and stock appreciation rights to purchase 6,938,993 shares of common stock were excluded from the net loss per share calculation as their effect would have been anti-dilutive.

For the three months ended March 31, 2014, warrants, stock options, restricted stock awards, restricted stock units and stock appreciation rights to purchase 6,096,000 shares of common stock were excluded from the net loss per share calculation as their effect would have been anti-dilutive.