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Selected Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2015
Selected Quarterly Financial Data [Abstract] |
Selected Quarterly Financial Data | Selected Quarterly Financial Data (Unaudited) The table below sets forth certain unaudited statements of comprehensive loss data, and net loss per common share data, for each quarter of 2015 and 2014: (in thousands, except per share data)
| Quarter Ended
| March 31 |  | June 30 |  | September 30 |  | December 31
|  |  | (Unaudited) |  |
2015 |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 1,792 |  |  | $ | 376 |  |  | $ | 566 |  |  | $ | 127,280 |
Income (loss) from operations | $ | (26,527 | ) |  | $ | (26,688 | ) |  | $ | (33,677 | ) |  | $ | 88,360 |
Consolidated net income (loss) | $ | (28,076 | ) |  | $ | (26,074 | ) |  | $ | (35,282 | ) |  | $ | 86,750 |
Consolidated net income (loss) per common share, basic | $ | (0.27 | ) |  | $ | (0.27 | ) |  | $ | (0.34 | ) |  | $ | 0.84 |
Consolidated net income (loss) per common share, diluted | (0.27 | ) |  | (0.27 | ) |  | (0.34 | ) |  | 0.76 |
Shares used in computing consolidated net income (loss) per common share, basic | 103,516 |  |  | 103,608 |  |  | 103,616 |  |  | 103,623 |
Shares used in computing consolidated net income (loss) per common share, diluted | 103,516 |  |  | 103,608 |  |  | 103,616 |  |  | 115,764 |
2014 |  |  |  |  |  |  |
Revenues | $ | 277 |  |  | $ | 676 |  |  | $ | 419 |  |  | $ | 21,482 |
Loss from operations | $ | (30,472 | ) |  | $ | (26,111 | ) |  | $ | (40,336 | ) |  | $ | (3,447 | )
Consolidated net loss | $ | (30,835 | ) |  | $ | (26,028 | ) |  | $ | (40,498 | ) |  | $ | (2,933 | )
Consolidated net loss per common share, basic and diluted | $ | (0.42 | ) |  | $ | (0.35 | ) |  | $ | (0.55 | ) |  | $ | (0.03 | )
Shares used in computing consolidated net loss per common share, basic and diluted | 73,422 |  |  | 73,518 |  |  | 73,542 |  |  | 84,813 |
For all periods presented other than the quarter ended December 31, 2015, the weighted average number of shares outstanding are the same for both basic and diluted consolidated net loss per common share. For these periods, shares associated with convertible debt, stock options and restricted stock units are not included in the weighted average number of shares of common stock outstanding because they are antidilutive. A reconciliation of the numerator and denominator of basic and diluted earnings per share for the quarter ended December 31, 2015 is presented below (in thousands, expect per share amounts):
Consolidated net income, basic | $ | 86,750 |
Interest on convertible debt | 1,277 |
Consolidated net income, diluted | $ | 88,027 |
Shares used in computing consolidated net income per common share, basic | 103,623 |
Share-based compensation awards | 1,776 |
Convertible debt | 10,365 |
Shares used in computing consolidated net income per common share, diluted | 115,764 |
Consolidated net income per common share, basic | $ | 0.84 |
Consolidated net income per common share, diluted | $ | 0.76 |

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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