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NET LOSS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Share

For the three and nine months ended September 30, 2018 and 2017, there were no differences between basic and diluted net loss per share since the effect of common stock equivalents would be anti-dilutive due to the net loss position 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,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

(in thousands, except per share amounts)

 

Net loss

 

$

(76,393

)

 

$

(47,734

)

 

$

(221,023

)

 

$

(26,690

)

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 earnings per share

 

 

66,209

 

 

 

61,528

 

 

 

65,454

 

 

 

57,166

 

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

 

 

66,209

 

 

 

61,528

 

 

 

65,454

 

 

 

57,166

 

Net loss per share - basic and diluted

 

$

(1.15

)

 

$

(0.78

)

 

$

(3.38

)

 

$

(0.47

)

 

*

For the three and nine months ended September 30, 2018 and 2017, stock options, RSAs, RSUs, stock appreciation rights (“SAR”) to purchase 9.2 million and 9.8 million shares of the Company’s common stock, respectively, were excluded from the net loss per share calculation as their effect would have been anti-dilutive.