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NET INCOME (LOSS) PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

The following table is a reconciliation of net income (loss) and the shares used in calculating basic and diluted net income (loss) per common share for the three and six months ended June 30, 2016 and 2015 (in thousands, except share and per share data):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

21,802

 

 

$

(11,771

)

 

$

23,751

 

 

$

(10,457

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding – Basic

 

 

46,927,543

 

 

 

46,388,218

 

 

 

46,862,199

 

 

 

45,840,599

 

Effect of dilutive shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock equivalents arising from stock options

   and ESPP

 

 

4,051

 

 

 

 

 

 

6,914

 

 

 

 

Restricted stock awards and units and performance

   units

 

 

110,260

 

 

 

 

 

 

116,261

 

 

 

 

Weighted average common shares outstanding – Diluted

 

 

47,041,854

 

 

 

46,388,218

 

 

 

46,985,374

 

 

 

45,840,599

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.46

 

 

$

(0.25

)

 

$

0.51

 

 

$

(0.23

)

Diluted

 

$

0.46

 

 

$

(0.25

)

 

$

0.51

 

 

$

(0.23

)