Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share of Common Stock

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Loss Per Share of Common Stock
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Loss Per Share of Common Stock

3. Loss per Share of Common Stock

The following tables set forth the computation of basic and diluted loss per share of common stock for the three and nine months ended September 30, 2014 and 2013, respectively. We computed basic loss per share for the three and nine months ended September 30, 2014 and 2013, respectively, using the weighted average number of shares outstanding during the periods. Diluted loss per share for the three and nine months ended September 30, 2014 and 2013, reflects additional shares of common stock, related to our convertible senior common stock, that would have been outstanding if dilutive potential shares of common stock had been issued, as well as an adjustment to net income available to common stockholders as applicable to common stockholders that would result from their assumed issuance (dollars in thousands, except per share amounts).

 

     For the three months ended September 30,     For the nine months ended September 30,  
     2014     2013     2014     2013  

Calculation of basic loss per share of common stock:

        

Net loss attributable to common stockholders

   $ (931   $ (797   $ (15,483   $ (2,080

Denominator for basic weighted average shares of common stock

     17,739,084        14,196,423        16,685,162        12,613,354   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic loss per share of common stock

   $ (0.05   $ (0.06   $ (0.93   $ (0.16
  

 

 

   

 

 

   

 

 

   

 

 

 

Calculation of diluted loss per share of common stock:

        

Net loss attributable to common stockholders

   $ (931   $ (797   $ (15,483   $ (2,080

Add: Income impact of assumed conversion of senior common stock (1)

     —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss attributable to common stockholders plus assumed conversions

   $ (931   $ (797   $ (15,483   $ (2,080

Denominator for basic weighted average shares of common stock

     17,739,084        14,196,423        16,685,162        12,613,354   

Effect of convertible senior common stock (1)

     —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator for diluted weighted average shares of common stock

     17,739,084        14,196,423        16,685,162        12,613,354   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted loss per share of common stock

   $ (0.05   $ (0.06   $ (0.93   $ (0.16
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) We excluded convertible senior common shares of 429,673 and 362,162 from the calculation of diluted earnings per share for the three and nine months ended September 30, 2014, respectively, because it was anti-dilutive. We also excluded convertible senior common shares of 257,429, and 217,010 from the calculation of diluted earnings per share for the three and nine months ended September 30, 2013, respectively, because it was anti-dilutive.