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Net Income (Loss) Per Common Share
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share

Note 13: Net Income (Loss) Per Common Share

Basic and diluted net income (loss) per share attributable to common shareholders is computed by dividing net income (loss), excluding net income (loss) allocated to participating securities, by the weighted average number of shares outstanding less the weighted average of unvested restricted shares outstanding.

 

There were no dilutive effects from any equity instruments for any of the periods presented, therefore diluted net income (loss) per share was the same as basic net income (loss) for all periods presented. There were no participating shares for periods prior to the issuance of restricted shares on October 18, 2012 as described in Note 10: Capital Stock.

The following table sets forth the computation of basic and diluted net income (loss) per share:

(in thousands, except per share data):

 

    Successor     Successor          Predecessor     Predecessor  
    Year Ended
December 31, 2013
    Period from
March 20, 2012 to
December 31, 2012
         Period from
January 1, 2012 to
March 19, 2012
    Year Ended
December 31, 2011
 

Numerator for basic and diluted net income (loss) per share:

           

Net income (loss)

  $ 338       $ (12,353)          $ (3,433)      $ (10,873)   

Less: Net income (loss) allocated to participating securities

           (18)            —          —     
 

 

 

   

 

 

       

 

 

   

 

 

 

Net income (loss) attributable to common shareholders

  $ 336       $ (12,335)          $ (3,433)      $ (10,873)   
 

 

 

   

 

 

       

 

 

   

 

 

 

Denominator for basic and diluted net income (loss) per share:

           

Weighted-average shares outstanding

    201,419, 306         200,298,083             1,000         1,000    

Weighted-average unvested restricted shares outstanding

    (1,115,238)        (298,083)            —          —     
 

 

 

   

 

 

       

 

 

   

 

 

 

Denominator for basic and diluted net income (loss) per share:

    200,304,068         200,000,000             1,000         1,000    
 

 

 

   

 

 

       

 

 

   

 

 

 

Basic and diluted net income (loss) per share attributable to common shareholders

  $ 0.00       $ (0.06)          $ (3,433.00)      $ (10,873.00)