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(LOSS) PER SHARE | 9 Months Ended
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Sep. 30, 2020
Earnings Per Share [Abstract] |
(LOSS) PER SHARE | 11. (LOSS) PER SHARE Basic (loss) per share is calculated using the weighted-average number of common shares outstanding during the period. Diluted (loss) per share is calculated using the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding stock options, RSUs, and the conversion spread of the Company’s convertible senior notes. Calculation of the basic and diluted earnings per share:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands, except per share amounts) | 2020 |  | 2019 |  | 2020 |  | 2019
Net (loss) | $ | (19,267) |  |  | $ | (30,338) |  |  | $ | (65,379) |  |  | $ | (91,351) |
Weighted-average common shares outstanding | 80,537 |  |  | 79,200 |  |  | 80,191 |  |  | 78,928 |
(Loss) per share, basic | $ | (0.24) |  |  | $ | (0.38) |  |  | $ | (0.82) |  |  | $ | (1.16) |
Net (loss) | $ | (19,267) |  |  | $ | (30,338) |  |  | $ | (65,379) |  |  | $ | (91,351) |
Weighted-average common shares outstanding, assuming dilution (1) (2) | 80,537 |  |  | 79,200 |  |  | 80,191 |  |  | 78,928 |
(Loss) per share, diluted | $ | (0.24) |  |  | $ | (0.38) |  |  | $ | (0.82) |  |  | $ | (1.16) |
Outstanding anti-dilutive stock options and RSUs (3) | 6,622 |  |  | 5,953 |  |  | 6,166 |  |  | 5,923 |
(1) The Company expects to settle the principal amount of the Notes in cash. As a result, only the amount by which the conversion value exceeds the aggregated principal amount of the Notes is included in the diluted earnings per share computation under the treasury stock method. The conversion spread has a dilutive impact on diluted net income per share when the average market price of the Company’s common stock for a given period exceeds the initial conversion price of $135.05 per share for the Notes. In connection with the Notes’ issuance, the Company entered into Capped Call Transactions, which were not included in calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. (2) In periods of loss, all dilutive securities are excluded as their inclusion would be anti-dilutive. (3) Certain outstanding stock options and RSUs were excluded from the computation of diluted earnings per share because they were anti-dilutive in the period presented. These awards may be dilutive in the future.

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