| 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).
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For the year ended
December 31, |
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2014 |
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2013 |
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2012 |
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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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$ |
(10,538 |
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$ |
(2,867 |
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$ |
(445 |
) |
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Denominator for basic weighted average shares of common stock
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17,253,503 |
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13,164,244 |
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10,953,325 |
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Basic loss per share of common stock
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$ |
(0.61 |
) |
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$ |
(0.22 |
) |
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$ |
(0.04 |
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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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$ |
(10,538 |
) |
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$ |
(2,867 |
) |
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$ |
(445 |
) |
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Add: Income impact of assumed conversion of senior common stock
(1)
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— |
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— |
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— |
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Net loss attributable to common stockholders plus assumed
conversions
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$ |
(10,538 |
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$ |
(2,867 |
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$ |
(445 |
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Denominator for basic weighted average shares of common stock
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17,253,503 |
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13,164,244 |
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10,953,325 |
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Effect of convertible senior common stock (1)
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— |
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— |
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— |
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Denominator for diluted weighted average shares of common stock
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17,253,503 |
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13,164,244 |
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10,953,325 |
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Diluted loss per share of common stock
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$ |
(0.61 |
) |
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$ |
(0.22 |
) |
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$ |
(0.04 |
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| (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. |
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