Gladstone Commercial Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Loss per Share of Common Stock

Loss per Share of Common Stock

3 Months Ended

Mar. 31, 2015

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 months ended March 31, 2015 and 2014. We computed basic loss per share for the three months ended March 31, 2015 and 2014 using the weighted average number of shares outstanding during the periods. Diluted loss per share for the three months ended March 31, 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 March 31,
	2015			2014
Calculation of basic loss per share of common stock:
Net loss attributable to common stockholders	$	(553	)	$	(14,637	)
Denominator for basic weighted average shares of common stock		20,210,975			15,746,714

Basic loss per share of common stock	$	(0.03	)	$	(0.93	)

Calculation of diluted loss per share of common stock:
Net loss attributable to common stockholders	$	(553	)	$	(14,637	)
Add: Income impact of assumed conversion of senior common stock ⁽¹⁾		—			—

Net loss attributable to common stockholders plus assumed conversions	$	(553	)	$	(14,637	)
Denominator for basic weighted average shares of common stock		20,210,975			15,746,714
Effect of convertible senior common stock ⁽¹⁾		—			—

Denominator for diluted weighted average shares of common stock		20,210,975			15,746,714

Diluted loss per share of common stock	$	(0.03	)	$	(0.93	)

⁽¹⁾	We excluded convertible senior common shares of 723,631 and 316,979, from the calculation of diluted earnings per share for the three months ended March 31, 2015 and 2014, respectively, because it was anti-dilutive.

- Definition

The entire disclosure for earnings per share.

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