Note 16 - Net Income (Loss) Per Share (Notes)

3 Months Ended

Mar. 31, 2014

Earnings Per Share, Basic and Diluted [Abstract]

Net Income (Loss) Per Share

Net Income (Loss) Per Share

Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding, while diluted net income (loss) per share reflects the maximum potential dilution that could occur from our stock-based compensation arrangements and the conversion of our outstanding convertible senior notes.

The calculation of the basic and diluted net income (loss) per share was as follows:

	Three Months Ended March 31,
(In thousands, except per share amounts)	2014		2013
Net income (loss)—basic	$	202,759	$	(187,500	)
Adjustment for dilutive Convertible Senior Notes due 2019 (1)	5,455		—
Net income (loss)—diluted	$	208,214	$	(187,500	)
Average common shares outstanding—basic	173,165		144,355
Dilutive effect of Convertible Senior Notes due 2017 (2)	9,003		—
Dilutive effect of Convertible Senior Notes due 2019	37,736		—
Dilutive effect of stock-based compensation arrangements (3)	2,764		—
Adjusted average common shares outstanding—diluted	222,668		144,355
Net income (loss) per share—basic	$	1.17	$	(1.30	)
Net income (loss) per share—diluted	$	0.94	$	(1.30	)

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(1) As applicable, includes coupon interest, amortization of discount and fees, and other changes in income or loss that would result from the assumed conversion.

(2) Does not include the anti-dilutive impact of 6,112,498 shares due to capped call transactions related to the Convertible Senior Notes due 2017. Such transactions were designed to offset the potential dilution of the notes up to a stock price of approximately $14.11 per share. See Note 11 of Notes to Consolidated Financial Statements in our 2013 Form 10-K.

(3) For the three months ended March 31, 2014, 946,400 shares of our common stock equivalents issued under our stock-based compensation arrangements were not included in the calculation of diluted net income per share as of such date because they were anti-dilutive. As a result of our net loss for the three months ended March 31, 2013, 5,198,389 shares of our common stock equivalents issued under our stock-based compensation arrangements were not included in the calculation of diluted net loss per share as of such date because they were anti-dilutive.