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LOSS PER COMMON SHARE
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
LOSS PER COMMON SHARE

8. LOSS PER COMMON SHARE

The Company computes basic net loss per share using the weighted average number of common shares outstanding during the period. In computing the diluted net loss, potentially dilutive securities, composed of incremental common shares issuable upon the exercise of stock options and warrants and the vesting of RSUs and PRSUs, are excluded from the diluted loss per share calculation because of their anti-dilutive effect.

For the three months ended March 31, 2017 and March 31, 2016, the Company realized a net loss of $78.3 million and $19.3 million, respectively. Options to purchase approximately 1.4 million and 0.5 million shares of common stock were outstanding during the three months ended March 31, 2017 and 2016, respectively, with an exercise price greater than the average market price of the underlying common shares.