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BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE
 3 Months Ended
Mar. 31, 2015
BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE [Abstract]  
BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

18. BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

 

Basic income (loss) per common share is calculated by dividing income (loss) attributable to common shareholders by the weighted average common shares outstanding during the period. Diluted income per common share adjusts basic income per common share for the effects of potentially dilutive common share equivalents.

 

The Company had no dilutive common share equivalents during the three months ended March 31, 2015 and 2014 due to the results of operations being a loss from continuing operations, net of tax. For the three months ended March 31, 2015 and 2014, the following were potentially dilutive but were excluded from the calculation of diluted loss per common share due to their antidilutive effect:

 

Three months ended March 31, 2015

 

•1.8 million shares issuable upon exercise of stock options and vesting of RSUs under the Prior Plan and Omnibus Plan.

 

Three months ended March 31, 2014

 

•0.3 million shares issuable upon exercise of stock options and vesting of RSUs under the Prior Plan; and

 

•18.6 million shares issuable upon exercise of Warrants.

 

A calculation of basic income (loss) per common share to diluted income (loss) per common share is set forth below


            (in thousands, except per share amounts):

 

  Three Months Ended March 31,
  2015 2014
Loss from continuing operations attributable to HC2 Holdings, Inc.  (6,140)  (4,180)
Income (loss) from discontinued operations  (9)  17 
Loss from sale of discontinued operations  —     (784)
Net loss - basic $(6,149) $(4,947)
Net loss - diluted $(6,149) $(4,947)
Weighted average common shares outstanding-basic  24,146   14,631 
Weighted average common shares outstanding-diluted  24,146   14,631 
Basic loss per common share:        
Loss from continuing operations attributable to HC2 Holdings, Inc. $(0.25) $(0.29)
Income (loss) from discontinued operations  —     —   
Loss from sale of discontinued operations  —     (0.05)
Loss attributable to HC2 Holdings, Inc. $(0.25) $(0.34)
Diluted loss per common share:        
Loss from continuing operations attributable to HC2 Holdings, Inc. $ (0.25)  $ (0.29) 
Income (loss) from discontinued operations  —     —   
Loss from sale of discontinued operations  —     (0.05)
Net loss attributable to HC2 Holdings, Inc. $(0.25) $(0.34)