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Net (Loss) Income per Share (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Summary of denominators for the computation of basic and diluted net income (loss) 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.