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Loss Per Common Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Common Share

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(Dollars In Thousands, Except Per Share Amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(30,794

)

 

$

(26,084

)

 

$

(35,703

)

 

$

(59,181

)

Adjustments for basic net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividend requirements on Series E Redeemable

   Preferred

 

 

(7,764

)

 

 

(6,782

)

 

 

(22,609

)

 

 

(19,748

)

Dividend requirements on Series B Preferred

 

 

(60

)

 

 

(60

)

 

 

(180

)

 

 

(180

)

Dividend requirements on Series D Preferred

 

 

(15

)

 

 

(15

)

 

 

(45

)

 

 

(45

)

Accretion of Series E Redeemable Preferred

 

 

(500

)

 

 

(481

)

 

 

(1,493

)

 

 

(2,882

)

Numerator for basic and dilutive net loss per common

   share - net loss attributable to common stockholders

 

$

(39,133

)

 

$

(33,422

)

 

$

(60,030

)

 

$

(82,036

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic and dilutive net loss per

   common share - adjusted weighted-average

   shares (1)

 

 

28,065,519

 

 

 

27,500,323

 

 

 

28,025,130

 

 

 

27,484,227

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and dilutive net loss per common share

 

$

(1.39

)

 

$

(1.22

)

 

$

(2.14

)

 

$

(2.98

)

 

 

(1)

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

Antidilutive Securities Excluded from Computation of Diluted Net Income (Loss) Per Common Share

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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Convertible preferred stocks

 

 

916,666

 

 

 

916,666

 

 

 

916,666

 

 

 

916,666

 

Restricted stock and stock units

 

 

803,611

 

 

 

1,186,429

 

 

 

846,902

 

 

 

1,182,143

 

Series E Redeemable Preferred - embedded derivative

 

 

303,646

 

 

 

303,646

 

 

 

303,646

 

 

 

303,646

 

Stock options

 

 

124,000

 

 

 

169,710

 

 

 

124,000

 

 

 

182,047

 

 

 

 

2,147,923

 

 

 

2,576,451

 

 

 

2,191,214

 

 

 

2,584,502