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Loss per share
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Loss per share

2. Loss per share

Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the periods. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and is calculated using the treasury stock method for stock options, restricted stock units (“RSUs”) and deferred common stock. Common equivalent shares are excluded from the calculation in loss periods as their effects would be anti-dilutive.

The information related to basic and diluted loss per share for the three months ended March 31, 2018 and 2017 is as follows:

 

 

 

Three Months Ended March 31,

 

(In thousands, except share data)

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

Net loss from continuing operations

 

$

(5,558

)

 

$

(9,832

)

Net loss from discontinued operations

 

 

(21,124

)

 

 

(2,893

)

Net loss

 

$

(26,682

)

 

$

(12,725

)

Denominator:

 

 

 

 

 

 

 

 

Weighted average number of shares outstanding:

 

 

 

 

 

 

 

 

Basic and diluted (1)

 

 

67,311,784

 

 

 

53,811,688

 

Loss per share: (2)

 

 

 

 

 

 

 

 

Basic and diluted:

 

 

 

 

 

 

 

 

  Continuing operations

 

$

(0.08

)

 

$

(0.18

)

  Discontinued operations

 

$

(0.31

)

 

$

(0.05

)

  Total

 

$

(0.40

)

 

$

(0.24

)

 

(1)

For the quarter ended March 31, 2018, 6,729,045 shares of RSUs, 222,000 shares of options and warrants to purchase 2,623,776 shares of common stock are excluded from the calculation of the diluted weighted average number of shares outstanding as their effects would be anti-dilutive. For the quarter ended March 31, 2017, 14,826,890 shares of RSUs, 222,000 shares of options and warrants to purchase 1,273,776 shares of common stock are excluded from the calculation of the diluted weighted average number of shares outstanding as their effects would be anti-dilutive.

 

(2)

Loss per share tables may contain summation differences due to rounding.