| 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).
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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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2014 |
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2013 |
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2014 |
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2013 |
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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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$ |
(931 |
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$ |
(797 |
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$ |
(15,483 |
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$ |
(2,080 |
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Denominator for basic weighted average shares of common stock
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17,739,084 |
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14,196,423 |
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16,685,162 |
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12,613,354 |
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Basic loss per share of common stock
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$ |
(0.05 |
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$ |
(0.06 |
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$ |
(0.93 |
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$ |
(0.16 |
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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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$ |
(931 |
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$ |
(797 |
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$ |
(15,483 |
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$ |
(2,080 |
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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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— |
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Net loss attributable to common stockholders plus assumed
conversions
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$ |
(931 |
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$ |
(797 |
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$ |
(15,483 |
) |
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$ |
(2,080 |
) |
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Denominator for basic weighted average shares of common stock
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17,739,084 |
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14,196,423 |
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16,685,162 |
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12,613,354 |
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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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— |
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Denominator for diluted weighted average shares of common stock
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17,739,084 |
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14,196,423 |
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16,685,162 |
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12,613,354 |
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Diluted loss per share of common stock
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$ |
(0.05 |
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$ |
(0.06 |
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$ |
(0.93 |
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$ |
(0.16 |
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| (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. |
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