Note 9.—Reconciliation of Loss Per Share

Basic net loss per share is computed by dividing net loss available to common stockholders (numerator) by the weighted average number of vested common shares outstanding during the period (denominator). Diluted net loss per share is computed on the basis of the weighted average number of shares of common stock outstanding plus the effect of dilutive potential common shares outstanding during the period using the if-converted method. Dilutive potential common shares include shares issuable upon conversion of Convertible Notes, dilutive effect of outstanding stock options, restricted stock awards (RSA), restricted stock units (RSU), deferred stock units (DSU) and cumulative redeemable preferred stock outstanding for the periods indicated, when dilutive.


	For the Three Months Ended
	March 31,
	2020		2019
Numerator for basic loss per share:
Net loss	$	(64,731)	$	(12,612)

Numerator for diluted loss per share:
Net loss	$	(64,731)	$	(12,612)
Interest expense attributable to convertible notes (1)		—		—
Net loss plus interest expense attributable to convertible notes	$	(64,731)	$	(12,612)

Denominator for basic loss per share (2):
Basic weighted average common shares outstanding during the period		21,228		21,159

Denominator for diluted loss per share (2):
Basic weighted average common shares outstanding during the period		21,228		21,159
Net effect of dilutive convertible notes (1)		—		—
Net effect of dilutive stock options, DSU’s, RSA's and RSU's (1)		—		—
Diluted weighted average common shares		21,228		21,159
Net loss per common share:
Basic	$	(3.05)	$	(0.60)
Diluted	$	(3.05)	$	(0.60)

(1)

Adjustments to diluted loss per share for the three months ended March 31, 2020 and 2019 were excluded from the calculation, as they were anti-dilutive.

(2)

Number of shares presented in thousands.

At March 31, 2020 and 2019, there were 1.3 million shares of RSA’s, RSU’s and DSU’s outstanding in the aggregate. Additionally, for the three months ended March 31, 2020 and 2019, there were 1.2 million shares attributable to the 2015 Convertible Notes that were anti-dilutive.

In addition to the potential dilutive effects of stock options, restricted stock, restricted stock units, deferred stock units and convertible notes listed above, see Note 12.—Equity and Share Based Payments, Redeemable Preferred Stock, for a description of cumulative undeclared dividends in arrears which would also become dilutive in the event the Company is not successful in its appeal of the original court ruling.