Net Loss Per Share

6 Months Ended

Jun. 30, 2014

Net Loss Per Share

15. Net Loss Per Share

Basic net loss per share amounts have been computed based on the weighted-average number of common shares outstanding. Diluted net loss per share amounts have been computed based on the weighted-average number of common shares outstanding plus the dilutive effect of potential common shares. The computation of potential common shares has been performed using the treasury stock method. Because of the net loss reported in each period, diluted and basic net loss per share amounts are the same.

The calculation of net loss and the number of shares used to compute basic and diluted earnings per share for the three-month and six-month periods ended June 30, 2014 and 2013 are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
In thousands, except per share data	2014			2013			2014			2013
Net loss	$	(56,921	)	$	(68,985	)		(106,743	)	$	(133,655	)
Net loss per share – basic and diluted	$	(0.30	)	$	(0.37	)		(0.57	)	$	(0.74	)
Weighted average shares – basic and diluted		186,815			184,726			186,535			181,651

For purposes of calculating net loss per share, we evaluate the impact of the convertible notes on an if-convertible method. Because the impact of the convertible notes on an if-convertible basis for the three-month and six-month period’s ended June 30, 2014 was anti-dilutive, such impact has not been included in the determination of net loss per share. The warrant transaction related to the convertible notes provides for the purchase of shares of the Company’s common stock at an exercise price of $12.00 per share. These warrants will not be considered in calculating the total dilutive weighted average shares outstanding unless and until the price of the Company’s common stock exceeds the $12.00 exercise price.