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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Summary of Reconciliation of Earnings (Loss) Per Common Share

The following table reconciles earnings (loss) per common share for the three and six months ended June 30, 2016 and 2015:

 

 

 

Three

Months

Ended

June 30,

2016

 

 

Three

Months

Ended

June 30,

2015

 

 

Six

Months

Ended

June 30,

2016

 

 

Six

Months

Ended

June 30,

2015

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(5,283

)

 

$

(4,012

)

 

$

(10,718

)

 

$

(8,162

)

Distributed earnings to common shares

 

 

 

 

 

 

 

 

 

 

 

 

Distributed earnings to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

Total distributed earnings

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed loss allocable to common shares

 

 

(5,283

)

 

 

(4,012

)

 

 

(10,718

)

 

 

(8,162

)

Undistributed earnings allocable to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

Total undistributed loss

 

 

(5,283

)

 

 

(4,012

)

 

 

(10,718

)

 

 

(8,162

)

Loss to common shares—basic

 

$

(5,283

)

 

$

(4,012

)

 

$

(10,718

)

 

$

(8,162

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding—basic

 

 

8,587

 

 

 

8,029

 

 

 

8,560

 

 

 

7,995

 

Basic earnings (loss) per common share

 

$

(0.62

)

 

$

(0.50

)

 

$

(1.25

)

 

$

(1.02

)

 

 

 

Three

Months

Ended

June 30,

2016

 

 

Three

Months

Ended

June 30,

2015

 

 

Six

Months

Ended

June 30,

2016

 

 

Six

Months

Ended

June 30,

2015

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss to common shares—basic

 

$

(5,283

)

 

$

(4,012

)

 

$

(10,718

)

 

$

(8,162

)

Undistributed earnings allocated to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed earnings reallocated to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

Loss to common shares—diluted

 

$

(5,283

)

 

$

(4,012

)

 

$

(10,718

)

 

$

(8,162

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding—basic

 

 

8,587

 

 

 

8,029

 

 

 

8,560

 

 

 

7,995

 

Dilutive effect of stock options

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding—dilutive

 

 

8,587

 

 

 

8,029

 

 

 

8,560

 

 

 

7,995

 

Diluted earnings (loss) per common share

 

$

(0.62

)

 

$

(0.50

)

 

$

(1.25

)

 

$

(1.02

)