| 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).
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For the three months ended September 30, |
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For the nine months ended September 30, |
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2015 |
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2014 |
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2015 |
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2014 |
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Calculation of basic loss per share of common stock:
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Net loss attributable to common stockholders
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$ |
(1,382 |
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$ |
(931 |
) |
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$ |
(2,788 |
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$ |
(15,483 |
) |
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Denominator for basic weighted average shares of common stock
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21,403,808 |
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17,739,084 |
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20,820,559 |
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16,685,162 |
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Basic loss per share of common stock
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$ |
(0.06 |
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$ |
(0.05 |
) |
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$ |
(0.13 |
) |
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$ |
(0.93 |
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Calculation of diluted loss per share of common stock:
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Net loss attributable to common stockholders
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$ |
(1,382 |
) |
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$ |
(931 |
) |
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$ |
(2,788 |
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$ |
(15,483 |
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Net loss attributable to common stockholders plus assumed
conversions (1)
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$ |
(1,382 |
) |
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$ |
(931 |
) |
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$ |
(2,788 |
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$ |
(15,483 |
) |
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Denominator for basic weighted average shares of common stock
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21,403,808 |
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17,739,084 |
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20,820,559 |
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16,685,162 |
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Denominator for diluted weighted average shares of common stock
(1)
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21,403,808 |
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17,739,084 |
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20,820,559 |
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16,685,162 |
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Diluted loss per share of common stock
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$ |
(0.06 |
) |
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$ |
(0.05 |
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$ |
(0.13 |
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$ |
(0.93 |
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| (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. |
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