Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share (Tables)

v3.7.0.1
Net Income (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Dilutive weighted average securities were excluded from the calculation of diluted net income (loss) per share attributable to common stockholders during the periods
The following potentially dilutive average number of securities were excluded from the calculation of diluted net income per share attributable to common stockholders during the periods presented as the effect was anti-dilutive:
 
Year Ended December 31,
 
2016
 
2015
 
2014
Options to purchase common stock
43,513

 
87,026

 
87,026

Stock appreciation rights
2,422,716

 
2,072,130

 
1,400,824

Warrants to purchase common stock

 

 
17,916

2019 Convertible notes
7,895,675

 
10,838,218

 
6,295,075

2036 Convertible notes
8,209,651

 

 

Total
18,571,555

 
12,997,374

 
7,800,841

Calculation of diluted net income per share
The following table presents the calculation of diluted net income per share for the years ended December 31, 2016, 2015 and 2014 (in thousands, except share and per share data):
 
2016
 
2015
 
2014
Net income (loss) attributable to the Company's common stockholders - Basic
$
43,453

 
$
(151,392
)
 
$
81,620

Plus: distributed dividends to Preferred Stockholders

 

 
40

Plus (less): effect of participating securities
874

 

 
(418
)
Net income (loss) attributable to common stockholders
44,327

 
(151,392
)
 
81,242

Less: effect of participating securities
(874
)
 

 

Net income (loss) attributable to the Company's common stockholders - Diluted
$
43,453

 
$
(151,392
)
 
$
81,242

Shares:
 
 
 
 
 
Weighted-average shares outstanding - Basic
40,897,549

 
43,958,803

 
40,740,411

Adjustment to reflect stock appreciation right conversions
5,311

 

 
9,502

Weighted-average shares outstanding - Diluted
40,902,860

 
43,958,803

 
40,749,913


 
 
 
 
 
Net income (loss) per share attributable to common stockholders - Diluted
$
1.06

 
$
(3.44
)
 
$
1.99