Quarterly report pursuant to Section 13 or 15(d)

Loss per share

v3.10.0.1
Loss per share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Loss per share

Basic and diluted loss per share is computed by dividing the loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period. The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share amounts):

 

      Three Months Ended June 30,     Six Months Ended June 30,  
    2018     2017     2018     2017  
Numerator                        
Net loss from continuing operations   $ (33,701 )   $ (4,701 )   $ (37,718 )   $ (11,751 )
Net income (loss) from discontinued operations     15,179       (4,743 )     6,218       (8,133 )
Total net loss     (18,522 )     (9,444 )     (31,500 )     (19,884 )
Undeclared dividends on Preferred Series D     (287 )     -       (287 )     -  
Dividends paid on Preferred Series D     (500 )     -       (500 )     -  
Total net loss less Preferred Series D dividends    $ (19,309 )   $ (9,444 )   $ (32,287 )   $ (19,884 )
                                 
Denominator                                
Basic and diluted weighted average common shares outstanding     58,248       25,161       41,796       25,161  
                                 
(Loss) income per share basic and diluted                                
From continuing operations   $ (0.59 )   $ (0.19 )   $ (0.92 )   $ (0.47 )
From discontinued operations   $ 0.26     $ (0.19 )   $ 0.15     $ (0.32 )

 

From the Birch Closing Date through June 30, 2018, dilutive securities excluded from the calculation of diluted earnings per common share because of their anti-dilutive effects were as follows:

 

Warrants     1,105,278  
Stock Options     1,955,295