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Net (Loss) Income per Share (Tables)
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
(In millions, except net income per share)
Numerator:
 
 
 
 
 
 
 
Net (loss) income
$
(97
)
 
$
42

 
$
(250
)
 
$
99

Denominator:
 
 
 
 
 
 
 
Denominator for basic net (loss) income per share
57

 
56

 
56

 
55

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

 
—

 
—

 
1

Denominator for diluted net (loss) income per share
57

 
56

 
56

 
56

 
 
 
 
 
 
 
 
Net (loss) income per share: (2)
 
 
 
 
 
 
 
Basic
$
(1.70
)
 
$
0.77

 
$
(4.44
)
 
$
1.79

Diluted
$
(1.70
)
 
$
0.76

 
$
(4.44
)
 
$
1.77

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

 
—

 
2

 
—

1.625% Notes (1)
1

 
—

 
—

 
—

______________________________
(1)
For more information regarding the 1.125% Warrants, refer to Note 9, “Stockholders' Equity.” For more information regarding the 1.625% Notes, refer to Note 7, “Debt.” The dilutive effect of all potentially dilutive common shares is calculated using the treasury stock method. Potentially dilutive common shares were not included in the computation of diluted net loss per share in the three and nine months ended September 30, 2017, because to do so would have been anti-dilutive.
(2)
Source data for calculations in thousands.