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Basic and Diluted Income (Loss) Per Common Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Income (Loss) Per Common Share
25. Basic and Diluted Income (Loss) Per Common Share

Earnings per share ("EPS") is calculated using the two-class method, which allocates earnings among common stock and participating securities to calculate EPS when an entity's capital structure includes either two or more classes of common stock or common stock and participating securities. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities. As such, shares of any unvested restricted stock of the Company are considered participating securities. The dilutive effect of options and their equivalents (including non-vested stock issued under stock-based compensation plans), is computed using the “treasury” method.
The Company had no dilutive common share equivalents during the years ended December 31, 2016, 2015 and 2014 due to the results of operations being a loss from continuing operations, net of tax. The Company issued a Warrant, Preferred Stock, as well as outstanding stock options and unvested RSUs granted under the Prior Plan and Omnibus Plan, each of which were potentially dilutive but were excluded from the calculation of diluted loss per common share due to their antidilutive effect.

The following table presents a reconciliation of net income (loss) used in basic and diluted EPS calculations (in thousands, except per share amounts)
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
Loss from continuing operations attributable to common stock and participating preferred stockholders
 
$
(105,398
)
 
$
(39,829
)
 
$
(16,294
)
Loss from discontinued operations
 
—

 
(21
)
 
(146
)
Net Loss attributable to common stock and participating preferred stockholders
 
$
(105,398
)
 
$
(39,850
)
 
$
(16,440
)
 
 
 
 
 
 
 
Earnings allocable to common shares:
 
 
 
 
 
 
 
 
 
 
 
 
 
Participating shares at end of period:
 
 
 
 
 
 
Common stock outstanding
 
37,260

 
26,482

 
19,729

 
 
 
 
 
 
 
Numerator for basic and diluted earnings per share
 
 
 
 
 
 
Percentage of income (loss) allocated to:
 
 
 
 
 
 
Common Stock
 
100
%
 
100
%
 
100
%
Preferred Stock
 
—
%
 
—
%
 
—
%
 
 
 
 
 
 
 
Loss attributable to common shares - basic and diluted
 
 
 
 
 
 
Loss from continuing operations
 
$
(105,398
)
 
$
(39,829
)
 
$
(16,294
)
Loss from discontinued operations
 
—

 
(21
)
 
(146
)
Net Loss
 
$
(105,398
)
 
$
(39,850
)
 
$
(16,440
)
 
 
 
 
 
 
 
Denominator for basic and diluted earnings per share
 
 
 
 
 
 
Weighted average common shares outstanding - basic and diluted
 
37,260

 
26,482

 
19,729

 
 
 
 
 
 
 
Basic and Diluted earnings per share
 
 
 
 
 
 
Net loss attributable to common stock and participating preferred stockholders - basic and diluted
 
$
(2.83
)
 
$
(1.50
)
 
$
(0.82
)
Loss from discontinued operations
 
—

 
—

 
(0.01
)
Net loss attributable to common stock and participating preferred stockholders - diluted
 
$
(2.83
)
 
$
(1.50
)
 
(0.83
)