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NET LOSS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Share

Given that the Company generated a net loss for each of the periods presented, there is no difference between basic and diluted net loss per share since the effect of common stock equivalents would be anti-dilutive and, therefore, would be excluded from the diluted net loss per share calculation.

 

 

For the Three Months Ended

September 30,

 

 

For the Nine Months Ended

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

(in thousands, except per share amounts)

 

Net loss

 

$

(56,742

)

 

$

(51,939

)

 

$

(178,813

)

 

$

(155,349

)

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 loss per share

 

 

48,254

 

 

 

41,565

 

 

 

46,709

 

 

 

41,416

 

Dilutive effect of outstanding stock

   awards 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 loss per share

 

 

48,254

 

 

 

41,565

 

 

 

46,709

 

 

 

41,416

 

Net loss per share — basic and diluted

 

$

(1.18

)

 

$

(1.25

)

 

$

(3.83

)

 

$

(3.75

)

 

 

*

For the three and nine months ended September 30, 2016 and 2015, stock options, RSAs and stock appreciation rights to purchase approximately 6.3 million and 7.3 million shares of common stock, respectively, were excluded from the net loss per share calculation as their effect would have been anti-dilutive.