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NET LOSS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Share

Given that the Company recorded 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 are, therefore, excluded from the diluted net loss per share calculation.

 

 

 

For the Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

(in thousands, except per share amounts)

 

Net loss

 

 

(267,265

)

 

$

(220,030

)

 

$

(135,789

)

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

 

 

48,697

 

 

 

42,290

 

 

 

40,026

 

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

 

 

48,697

 

 

 

42,290

 

 

 

40,026

 

Net loss per share — basic and diluted

 

$

(5.49

)

 

$

(5.20

)

 

$

(3.39

)

 

*

For the year ended December 31, 2016 and 2015, stock options, RSAs and SARs to purchase approximately 5.7 million and 6.8 million shares of common stock, respectively, were excluded from the net loss per share calculation as their effect would have been anti-dilutive.

For the year ended 2014, stock options, RSAs, RSUs, SARs and warrants to purchase approximately 5.4 million shares of common stock were excluded from the net loss per share calculation as their effect would have been anti-dilutive.