Quarterly report pursuant to Section 13 or 15(d)

Loss per Share of Common Stock

v3.3.0.814
Loss per Share of Common Stock
9 Months Ended
Sep. 30, 2015
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 each of the three and nine months ended September 30, 2015 and 2014, respectively. We computed basic loss per share for the three and nine months ended September 30, 2015 and 2014, 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, 2015 and 2014, 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 three months ended September 30,     For the nine months ended September 30,  
    2015     2014     2015     2014  

Calculation of basic loss per share of common stock:

       

Net loss attributable to common stockholders

  $ (1,382   $ (931   $ (2,788   $ (15,483

Denominator for basic weighted average shares of common stock

    21,403,808        17,739,084        20,820,559        16,685,162   
 

 

 

   

 

 

   

 

 

   

 

 

 

Basic loss per share of common stock

  $ (0.06   $ (0.05   $ (0.13   $ (0.93
 

 

 

   

 

 

   

 

 

   

 

 

 

Calculation of diluted loss per share of common stock:

       

Net loss attributable to common stockholders

  $ (1,382   $ (931   $ (2,788   $ (15,483
 

 

 

   

 

 

   

 

 

   

 

 

 

Net loss attributable to common stockholders plus assumed conversions (1)

  $ (1,382   $ (931   $ (2,788   $ (15,483

Denominator for basic weighted average shares of common stock

    21,403,808        17,739,084        20,820,559        16,685,162   
 

 

 

   

 

 

   

 

 

   

 

 

 

Denominator for diluted weighted average shares of common stock (1)

    21,403,808        17,739,084        20,820,559        16,685,162   
 

 

 

   

 

 

   

 

 

   

 

 

 

Diluted loss per share of common stock

  $ (0.06   $ (0.05   $ (0.13   $ (0.93
 

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) We excluded convertible shares of Senior Common Stock of 828,444 and 791,582 from the calculation of diluted earnings per share for the three and nine months ended September 30, 2015, respectively, because it was anti-dilutive. We also excluded 429,673 and 362,162 shares of convertible Senior Common Stock from the calculation of diluted earnings per share for the three and nine months ended September 30, 2014, respectively, because it was anti-dilutive.