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Selected quarterly financial data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Selected Quarterly Financial Data

Summarized quarterly financial data for the years ended December 31, 2016 and 2015, are set forth in the following tables:

 

     March 31     June 30     September 30     December 31  
     (In thousands, except per share data)  

2016

        

Net revenues

   $ —       $ —       $ 162,354     $ 12,404  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ (24,873   $ (29,959   $ 126,520       53,976  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) per share — basic

   $ (0.29   $ (0.33   $ 1.32     $ 0.56  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) per share — diluted

   $ (0.29   $ (0.33   $ 1.31     $ 0.56  
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares used to compute basic net income (loss) per share

     85,771       91,061       95,627       95,676  
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares used to compute diluted net income (loss) per share

     85,771       91,061       96,548       96,510  
  

 

 

   

 

 

   

 

 

   

 

 

 

2015

        

Net loss

   $ (30,658   $ (28,910   $ (31,857   $ (277,020
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share — basic and diluted

   $ (0.38   $ (0.36   $ (0.39   $ (3.30
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares used to compute basic and diluted net loss per share

     79,783       80,203       81,039       83,862