NET LOSS PER SHARE
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
NET LOSS PER SHARE
NET LOSS PER SHARE
The following table sets forth the computation of basic and diluted loss per share: 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2016
 
2015
 
2016
 
2015
Net loss per common share:
 
 
 
 
 
 
 
 
     Net loss
 
$
(7,910
)
 
$
(10,215
)
 
$
(29,193
)
 
$
(30,722
)
 
 
 
 
 
 
 
 
 
Basic and diluted loss per common share:
 
 
 
 
 
 
 
 
     Basic and diluted weighted average common shares
     outstanding
 
41,940,370

 
41,074,245

 
41,639,609

 
39,892,068

Basic and diluted loss per common share
 
$
(0.19
)
 
$
(0.25
)
 
$
(0.70
)
 
$
(0.77
)

The following outstanding Company securities, using the treasury stock method, were excluded from the above computations of net loss per share because their impact would be antidilutive due to the net losses during the three months ended September 30, 2016 and 2015:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2016
 
2015
 
2016
 
2015
Stock options
 
3,741,779

 
3,750,830

 
3,741,779

 
3,750,830

RSUs
 
78,073

 
414,001

 
78,073

 
414,001

Restricted stock
 
218,505

 
79,940

 
218,505

 
79,940

As discussed in Note 9, in August 2016, we issued $50,000 aggregate principal amount of Notes. The Notes may be settled, at our election, in cash, shares of our common stock or combination of cash and shares of our common stock. For purposes of calculating the maximum dilutive impact, it is presumed that the Notes will be settled in common stock with the resulting potential common shares included in diluted earnings per share if the effect is more dilutive. The effect of the conversion of Notes is excluded from the calculation of diluted loss per share because the net loss for the three and nine months ended September 30, 2016 causes such securities to be antidilutive.
The potential dilutive effect of these securities is shown in the table below:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30, 2016
 
September 30, 2016
Conversion of Notes
 
2,917,165

 
2,917,165