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NET INCOME PER SHARE (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Net Income Per Share
Basic and diluted net income per share was as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
(In thousands, except per share amounts)
Basic net income per share:
 
 
 
 
 
 
 
Net income
$
3,159

 
$
20,144

 
$
20,388

 
$
46,316

Weighted average common shares outstanding
78,186

 
74,534

 
76,387

 
74,286

Basic net income per common share
$
0.04

 
$
0.27

 
$
0.27

 
$
0.62

 
 
 
 
 
 
 
 
Diluted net income per share:
 
 
 
 
 
 
 
Net income
$
3,159

 
$
20,144

 
$
20,388

 
$
46,316

 
 
 
 
 
 
 
 
Weighted average common shares outstanding — Basic
78,186

 
74,534

 
76,387

 
74,286

Effect of dilutive securities:
 
 
 
 
 
 
 
2016 Convertible notes

 
3,176

 

 
2,256

Warrants
158

 
2,012

 
1,295

 
974

Stock options and restricted stock
1,111

 
1,310

 
1,291

 
1,288

Weighted average common shares for diluted earnings per share
79,455

 
81,032

 
78,973

 
78,804

 
 
 
 
 
 
 
 
Diluted net income per common share
$
0.04

 
$
0.25

 
$
0.26

 
$
0.59