Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.8.0.1
Net Loss Per Share
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share
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 September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Net loss
 
$
(22,864
)
 
$
(44,405
)
 
$
(196,736
)
 
$
(67,875
)
Basic weighted average common shares outstanding
 
192,405

 
120,128

 
186,143

 
83,979

Loss per share:
 
 
 
 
 
 
 
 
     Basic and diluted
 
$
(0.12
)
 
$
(0.37
)
 
$
(1.06
)
 
$
(0.81
)

Basic loss per share is based upon the weighted average number of shares of common stock outstanding during the period. As of September 30, 2017 and 2016, the effect of 19.9 million and 6.6 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.