Annual report pursuant to Section 13 and 15(d)

Loss per Share of Common Stock

v2.4.1.9
Loss per Share of Common Stock
12 Months Ended
Dec. 31, 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 years ended December 31, 2014, 2013, and 2012. We computed basic loss per share for the years ended December 31, 2014, 2013 and 2012 using the weighted average number of shares outstanding during the periods. Diluted loss per share for the years ended December 31, 2014, 2013 and 2012, reflects additional shares of common stock related to our convertible Senior Common Stock (if the effect would be dilutive), 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 year ended December 31,  
     2014     2013     2012  

Calculation of basic loss per share of common stock:

      

Net loss attributable to common stockholders

   $ (10,538   $ (2,867   $ (445

Denominator for basic weighted average shares of common stock

     17,253,503        13,164,244        10,953,325   
  

 

 

   

 

 

   

 

 

 

Basic loss per share of common stock

   $ (0.61   $ (0.22   $ (0.04
  

 

 

   

 

 

   

 

 

 

Calculation of diluted loss per share of common stock:

      

Net loss attributable to common stockholders

   $ (10,538   $ (2,867   $ (445

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

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Net loss attributable to common stockholders plus assumed conversions

   $ (10,538   $ (2,867   $ (445

Denominator for basic weighted average shares of common stock

     17,253,503        13,164,244        10,953,325   

Effect of convertible senior common stock (1)

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Denominator for diluted weighted average shares of common stock

     17,253,503        13,164,244        10,953,325   
  

 

 

   

 

 

   

 

 

 

Diluted loss per share of common stock

   $ (0.61   $ (0.22   $ (0.04
  

 

 

   

 

 

   

 

 

 

 

(1) We excluded convertible senior common shares of 428,509, 238,126, and 121,891 from the calculation of diluted earnings per share for the years ended December 31, 2014, 2013 and 2012, respectively, because it was anti-dilutive.