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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Net Income (Loss) Per Share

Net income (loss) per share was calculated as follows:

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

(in thousands, except per share data)

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income (loss) - basic and diluted

$

51,338

 

 

$

(5,913

)

 

$

(50,777

)

 

$

(47,731

)

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

91,389

 

 

 

90,100

 

 

 

91,226

 

 

 

89,814

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock purchase program

 

41

 

 

 

 

 

 

 

 

 

 

Stock options

 

2,551

 

 

 

 

 

 

 

 

 

 

Restricted stock

 

285

 

 

 

 

 

 

 

 

 

 

2024 Notes

 

513

 

 

 

 

 

 

 

 

 

 

Diluted

 

94,779

 

 

 

90,100

 

 

 

91,226

 

 

 

89,814

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.56

 

 

$

(0.07

)

 

$

(0.56

)

 

$

(0.53

)

Diluted

$

0.54

 

 

$

(0.07

)

 

$

(0.56

)

 

$

(0.53

)

 

Schedule of Anti-Dilutive Shares Excluded from Diluted Per Share Amounts

Shares which have been excluded from diluted per share amounts because their effect would have been anti-dilutive consisted of the following:

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

(in thousands)

2019

 

 

2018

 

 

2019

 

 

2018

 

Stock options, restricted stock and convertible senior notes

 

2,349

 

 

 

8,422

 

 

 

8,533

 

 

 

8,289