Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share

v2.4.0.8
Loss Per Share
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
LOSS PER SHARE
LOSS PER SHARE
Basic loss per share is computed by dividing our net loss by the weighted average number of shares outstanding during the period. Diluted loss per share is computed by dividing our net loss increased by dividends on preferred stock by the weighted average number of shares outstanding and the impact of all dilutive potential common shares, primarily stock options. The dilutive impact of stock options and warrants is determined by applying the “treasury stock” method. In the periods in which their effect would be anti-dilutive, no effect has been given to outstanding options, warrants or convertible Preferred Stock in the diluted computation. Potentially dilutive shares issuable pursuant to the 2033 Senior Notes (defined in Note 6) were not included in the computation of net loss per share for the three and six months ended June 30, 2014, because their inclusion would be anti-dilutive.
Also, a total of 29,132,527 and 29,701,838 potential shares of Common Stock have been excluded from the calculation of diluted net loss per share for the three months ended June 30, 2014 and 2013, respectively, because their inclusion would be anti-dilutive. A total of 29,503,319 and 29,910,492 potential shares of Common Stock have been excluded from the calculation of diluted net loss per share for the six months ended June 30, 2014 and 2013, respectively, because their inclusion would be anti-dilutive.
During the three months ended June 30, 2014, 1,102,741 Common Stock options to purchase shares of our Common Stock were exercised, resulting in the issuance of 782,324 shares of Common Stock. Of the 1,102,741 Common Stock options exercised, 320,417 shares of Common Stock were surrendered in lieu of a cash payment via the net exercise feature of the agreements.
During the six months ended June 30, 2014, 1,705,406 Common Stock options and Common Stock warrants to purchase shares of our Common Stock were exercised, resulting in the issuance of 1,310,250 shares of Common Stock. Of the 1,705,406 Common Stock options and Common Stock warrants exercised, 395,156 shares of Common Stock were surrendered in lieu of a cash payment via the net exercise feature of the warrant agreements.