Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2016

Earnings Per Share

The following table sets forth the computation of basic and diluted income per share:



	For the Years Ended December 31,
	2016		2015		2014
Net income per share:
Numerator:
Net income	$	6,820	$	211,388	$	26,201
Denominator:
Weighted-average common shares outstanding - basic	110,162		114,814		114,318
Effect of potential dilutive common shares	2,978		2,670		3,306
Weighted-average common shares outstanding - diluted	113,140		117,484		117,624
Basic net income per share	$	0.06	$	1.84	$	0.23
Diluted net income per share	$	0.06	$	1.80	$	0.22

For the years ended December 31, 2016, 2015 and 2014, options to purchase approximately 2.2 million, 2.5 million and 5.6 million shares, respectively, were excluded from the calculation because they were anti-dilutive after considering proceeds from exercise, taxes and related unrecognized stock-based compensation expense. These shares do not include the Company’s 5% convertible senior notes due 2014 (the "2014 Notes") and 1.125% convertible senior notes due 2018 (the "2018 Notes"). The par amount of convertible notes is payable in cash equal to the principal amount of the notes plus any accrued and unpaid interest and then the “in-the-money” conversion benefit feature at the conversion price above $19.31 and $12.07, respectively, per share is payable in cash, shares of the Company’s common stock or a combination of both. Refer to Note 10, "Convertible Notes” for more details.