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Net (Loss) Income per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net (Loss) Income per Share
Net (Loss) Income per Share
The following table sets forth the calculation of basic and diluted net (loss) income per share:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(In millions, except net income per share)
Numerator:
 
 
 
 
 
 
 
Net (loss) income
$
(230
)
 
$
33

 
$
(153
)
 
$
57

Denominator:
 
 
 
 
 
 
 
Denominator for basic net (loss) income per share
56

 
55

 
56

 
55

Effect of dilutive securities:
 
 
 
 
 
 
 
1.125% Warrants (1)
—

 
—

 
—

 
1

Denominator for diluted net (loss) income per share
56

 
55

 
56

 
56

 
 
 
 
 
 
 
 
Net (loss) income per share: (2)
 
 
 
 
 
 
 
Basic
$
(4.10
)
 
$
0.58

 
$
(2.74
)
 
$
1.02

Diluted
$
(4.10
)
 
$
0.58

 
$
(2.74
)
 
$
1.01

 
 
 
 
 
 
 
 
Potentially dilutive common shares excluded from calculations:
 
 
 
 
 
 
 
1.125% Warrants (1)
2

 
—

 
1

 
—

______________________________
(1)
For more information regarding the 1.125% Warrants, refer to Note 9, “Stockholders' Equity.” The dilutive effect of all potentially dilutive common shares is calculated using the treasury-stock method. Certain potentially dilutive common shares issuable are not included in the computation of diluted net (loss) income per share because to do so would be anti-dilutive. For the three and six months ended June 30, 2017, the 1.125% Warrants were excluded from diluted shares outstanding because to do so would have been anti-dilutive.
(2)
Source data for calculations in thousands.