Net Loss Per Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Net Loss Per Share

9. Net Loss Per Share

Basic net loss per share excludes any dilutive effects of options or warrants. The Company computes basic net loss per share using the weighted average number of shares of its Class A common stock outstanding during the period. The Company computes diluted net loss per share using the weighted average number of shares of its Class A common stock and common stock equivalents outstanding during the period. The Company excluded common stock equivalents of 1.6 million and 0.6 million for the three months ended September 30, 2015 and 2014, respectively, and 1.6 million and 0.5 million for the nine months ended September 30, 2015 and 2014, respectively, from the computation of diluted net loss per share because their effect is antidilutive.

The following table sets forth the computation of basic and diluted net loss per share:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, except per share data)	2015			2014			2015			2014
Net loss:
Loss from continuing operations	$	(3,881	)	$	(2,513	)	$	(5,858	)	$	(12,861	)
Loss from discontinued operations		(397	)		(2,237	)		(712	)		(28,071	)
Net loss	$	(4,278	)	$	(4,750	)	$	(6,570	)	$	(40,932	)
Weighted average shares for basic and diluted net loss per share:
Weighted average shares for basic net loss per share		12,285			2,553			6,757			2,330
Effect of dilutive securities - weighted average of stock options, restricted stock awards, and warrants		—			—			—			—
Weighted average shares for basic and diluted net loss per share		12,285			2,553			6,757			2,330
Net loss per share – basic and diluted:
Loss from continuing operations	$	(0.32	)	$	(0.98	)	$	(0.87	)	$	(5.52	)
Loss from discontinued operations		(0.03	)		(0.88	)		(0.11	)		(12.05	)
Net loss	$	(0.35	)	$	(1.86	)	$	(0.98	)	$	(17.57	)