17. NET LOSS PER SHARE

Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock and dilutive common stock equivalents outstanding. 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,
	2017			2016			2017			2016
	(in thousands, except per share amounts)
Net loss	$	(47,734	)	$	(56,742	)	$	(26,690	)	$	(178,813	)
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		61,528			48,254			57,166			46,709
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		61,528			48,254			57,166			46,709
Net loss per share - basic and diluted	$	(0.78	)	$	(1.18	)	$	(0.47	)	$	(3.83	)

For the three and nine months ended September 30, 2017, stock options, RSAs, RSUs and stock appreciation rights (“SARs”) to purchase 9.8 million shares of the Company’s common stock were excluded from the net loss per share calculation as their effect would have been anti-dilutive. For the three and nine months ended September 30, 2016, stock options, RSAs and SARs to purchase 6.3 million shares of the Company’s common stock were excluded from the net loss per share calculation as their effect would have been anti-dilutive.