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Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Computation of Loss Per Common Share

A computation of the loss per common share follows (in thousands, except per share amounts):

 

 

Year ended December 31,

 

 

2015

 

 

2014

 

 

2013

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts attributable to Kindred stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As reported in Statement of Operations

$

(94,427

)

 

$

(94,427

)

 

$

(13,976

)

 

$

(13,976

)

 

$

(44,523

)

 

$

(44,523

)

Allocation to participating unvested restricted stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available to common stockholders

$

(94,427

)

 

$

(94,427

)

 

$

(13,976

)

 

$

(13,976

)

 

$

(44,523

)

 

$

(44,523

)

Discontinued operations, net of income taxes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As reported in Statement of Operations

$

(201

)

 

$

(201

)

 

$

(53,163

)

 

$

(53,163

)

 

$

(40,082

)

 

$

(40,082

)

Allocation to participating unvested restricted stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available to common stockholders

$

(201

)

 

$

(201

)

 

$

(53,163

)

 

$

(53,163

)

 

$

(40,082

)

 

$

(40,082

)

Gain (loss) on divestiture of operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As reported in Statement of Operations

$

1,244

 

 

$

1,244

 

 

$

(12,698

)

 

$

(12,698

)

 

$

(83,887

)

 

$

(83,887

)

Allocation to participating unvested restricted stockholders

 

  

 

 

 

 

 

  

 

 

 

 

 

  

 

 

 

Available to common stockholders

$

1,244

 

 

$

1,244

 

 

$

(12,698

)

 

$

(12,698

)

 

$

(83,887

)

 

$

(83,887

)

Income (loss) from discontinued operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As reported in Statement of Operations

$

1,043

 

 

$

1,043

 

 

$

(65,861

)

 

$

(65,861

)

 

$

(123,969

)

 

$

(123,969

)

Allocation to participating unvested restricted stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available to common stockholders

$

1,043

 

 

$

1,043

 

 

$

(65,861

)

 

$

(65,861

)

 

$

(123,969

)

 

$

(123,969

)

Net loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As reported in Statement of Operations

$

(93,384

)

 

$

(93,384

)

 

$

(79,837

)

 

$

(79,837

)

 

$

(168,492

)

 

$

(168,492

)

Allocation to participating unvested restricted stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available to common stockholders

$

(93,384

)

 

$

(93,384

)

 

$

(79,837

)

 

$

(79,837

)

 

$

(168,492

)

 

$

(168,492

)

Shares used in the computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic computation

 

84,558

 

 

 

84,558

 

 

 

58,634

 

 

 

58,634

 

 

 

52,249

 

 

 

52,249

 

Dilutive effect of employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of performance-based restricted shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of tangible equity units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted weighted average shares outstanding – diluted computation

 

 

 

 

 

84,558

 

 

 

 

 

 

 

58,634

 

 

 

 

 

 

 

52,249

 

Loss per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations

$

(1.12

)

 

$

(1.12

)

 

$

(0.24

)

 

$

(0.24

)

 

$

(0.85

)

 

$

(0.85

)

Discontinued operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

 

 

 

 

 

(0.91

)

 

 

(0.91

)

 

 

(0.77

)

 

 

(0.77

)

Gain (loss) on divestiture of operations

 

0.01

 

 

 

0.01

 

 

 

(0.21

)

 

 

(0.21

)

 

 

(1.61

)

 

 

(1.61

)

Income (loss) from discontinued operations

 

0.01

 

 

 

0.01

 

 

 

(1.12

)

 

 

(1.12

)

 

 

(2.38

)

 

 

(2.38

)

Net loss

$

(1.11

)

 

$

(1.11

)

 

$

(1.36

)

 

$

(1.36

)

 

$

(3.23

)

 

$

(3.23

)

Number of antidilutive stock options, performance-based restricted shares and tangible equity units excluded from shares used in the diluted loss per common share computation

 

 

 

 

 

2,600

  

 

 

 

 

 

 

1,276

  

 

 

 

 

 

 

1,038