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NET LOSS PER SHARE
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

14. 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. For the three months ended March 31, 2019 and 2018, 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

March 31,

 

 

 

2019

 

 

2018

 

 

 

(in thousands, except per share amounts)

 

Net loss

 

$

(76,643

)

 

$

(35,363

)

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

 

 

71,731

 

 

 

64,631

 

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

 

 

71,731

 

 

 

64,631

 

Net loss per share - basic and diluted

 

$

(1.07

)

 

$

(0.55

)

 

*

For the three months ended March 31, 2019 and 2018, stock options, RSAs, RSUs, stock appreciation rights to purchase 9.8 million and 9.9 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.