BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

6 Months Ended

Jun. 30, 2015

BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE [Abstract]

BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

19. 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 and six months ended June 30, 2015 and 2014 due to the results of operations being a loss from continuing operations, net of tax. For the three and six months ended June 30, 2015, the Company had Preferred Stock, as well as outstanding stock options and unvested RSUs granted under the Prior Plan and Omnibus Plan that were potentially dilutive but were excluded from the calculation of diluted loss per common share due to their antidilutive effect. For the three and six months ended June 30, 2014, the Company had outstanding stock options and unvested RSUs granted under the Prior Plan as well as certain warrants that were potentially dilutive but were excluded from the calculation of diluted loss per common share due to their antidilutive effect.

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 June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Loss from continuing operations attributable to HC2 Holdings, Inc.	$	(12,294	)	$	(3,788	)	$	(18,434	)	$	(7,968	)
Income (loss) from discontinued operations		(11	)		27			(20	)		44
Loss from sale of discontinued operations		-			-			-			(784	)
Net loss - basic	$	(12,305	)	$	(3,761	)	$	(18,454	)	$	(8,708	)
Net loss - diluted	$	(12,305	)	$	(3,761	)	$	(18,454	)	$	(8,708	)
Weighted average common shares outstanding-basic		25,514			16,905			24,838			15,780
Weighted average common shares outstanding-diluted		25,514			16,905			24,838			15,780
Basic loss per common share:
Loss from continuing operations attributable to HC2 Holdings, Inc.	$	(0.48	)	$	(0.22	)	$	(0.74	)	$	(0.50	)
Income (loss) from discontinued operations		-			-			-			-
Loss from sale of discontinued operations		-			-			-			(0.05	)
Loss attributable to HC2 Holdings, Inc.	$	(0.48	)	$	(0.22	)	$	(0.74	)	$	(0.55	)
Diluted loss per common share:
Loss from continuing operations attributable to HC2 Holdings, Inc.	$	(0.48	)	$	(0.22	)	$	(0.74	)	$	(0.50	)
Income (loss) from discontinued operations		-			-			-			-
Loss from sale of discontinued operations		-			-			-			(0.05	)
Net loss attributable to HC2 Holdings, Inc.	$	(0.48	)	$	(0.22	)	$	(0.74	)	$	(0.55	)