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Loss Per Common Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Loss Per Common Share

Note 3: Loss Per Common Share

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

(Dollars In Thousands, Except Per Share Amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(27,506

)

 

$

(7,033

)

 

$

(33,097

)

 

$

(13,019

)

Adjustments for basic net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend requirements on Series E Redeemable

   Preferred

 

 

(6,628

)

 

 

(5,789

)

 

 

(12,966

)

 

 

(11,325

)

Dividend requirements on Series B Preferred

 

 

(60

)

 

 

(60

)

 

 

(120

)

 

 

(120

)

Dividend requirements on Series D Preferred

 

 

(15

)

 

 

(15

)

 

 

(30

)

 

 

(30

)

Accretion of Series E Redeemable Preferred

 

 

(802

)

 

 

(1,618

)

 

 

(2,401

)

 

 

(3,217

)

Numerator for basic and dilutive net loss per common

   share - net loss attributable to common stockholders

 

$

(35,011

)

 

$

(14,515

)

 

$

(48,614

)

 

$

(27,711

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic and dilutive net loss per

   common share - adjusted weighted-average

   shares (1)

 

 

27,492,979

 

 

 

27,249,304

 

 

 

27,476,180

 

 

 

27,248,682

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and dilutive net loss per common share:

 

$

(1.27

)

 

$

(0.53

)

 

$

(1.77

)

 

$

(1.02

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Excludes the weighted-average shares of unvested restricted stock that are contingently returnable.

The following weighted-average shares of securities were not included in the computation of diluted net loss per common share as their effect would have been antidilutive:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Restricted stock and stock units

 

 

1,160,116

 

 

 

1,195,560

 

 

 

1,177,715

 

 

 

1,156,493

 

Convertible preferred stocks

 

 

916,666

 

 

 

916,666

 

 

 

916,666

 

 

 

916,666

 

Series E Redeemable Preferred - embedded derivative

 

 

303,646

 

 

 

303,646

 

 

 

303,646

 

 

 

303,646

 

Stock options

 

 

180,309

 

 

 

217,608

 

 

 

188,215

 

 

 

218,309

 

 

 

 

2,560,737

 

 

 

2,633,480

 

 

 

2,586,242

 

 

 

2,595,114