The following table provides a reconciliation of the numerators and denominators of our basic and diluted earnings per share (dollars in thousands, except per-share amounts).

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Income (numerator):
Net loss – basic	$	(16,035	)	$	(11,850	)	$	(29,695	)	$	(19,558	)

Weighted average shares (denominator):
Weighted average shares – basic		41,564,482			40,554,758			41,316,777			40,357,059
Dilution effect of share-based compensation, treasury method (1)		—			—			—			—
Weighted average shares – diluted		41,564,482			40,554,758			41,316,777			40,357,059

Net loss per share:
Basic	$	(0.39	)	$	(0.29	)	$	(0.72	)	$	(0.48	)
Diluted	$	(0.39	)	$	(0.29	)	$	(0.72	)	$	(0.48	)

(1)	Approximately 39,000 options to purchase our common stock were excluded from this calculation because they were antidilutive for the three and six months ended June 30, 2016 and 2015.