Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.7.0.1
Net Loss Per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share

NOTE 14 — NET LOSS PER SHARE

The following table summarizes the computation of basic and diluted loss per share (in thousands, except per-share amounts):

 

     Three Months Ended June 30,   Six Months Ended June 30,
     2017   2016   2017   2016

Net loss

    $ (32,523 )    $ (16,277 )    $ (173,872 )    $ (23,470 ) 
  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Basic weighted average common shares outstanding

      186,102       109,967       146,756       65,714  
  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Loss per share:

         

Basic and diluted

    $ (0.17 )    $ (0.15 )    $ (1.18 )    $ (0.36 ) 
  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

 

Basic loss per share is based upon the weighted average number of shares of common stock outstanding during the period. As of June 30, 2017 and 2016, the effect of 18.3 million and 2.0 million, respectively, of unvested restricted stock awards that could potentially dilute basic EPS in the future were not included in the computation of diluted EPS because to do so would have been antidilutive for the periods presented.