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Earnings Per Common Share (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2016 and 2015:

 

 

 

Three

 

 

Three

 

 

Nine

 

 

Nine

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(5,198

)

 

$

(4,469

)

 

$

(15,916

)

 

$

(12,631

)

Distributed earnings to common shares

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Distributed earnings to participating securities

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total distributed earnings

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Undistributed loss allocable to common shares

 

 

(5,198

)

 

 

(4,469

)

 

 

(15,916

)

 

 

(12,631

)

Undistributed earnings allocable to participating securities

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total undistributed loss

 

 

(5,198

)

 

 

(4,469

)

 

 

(15,916

)

 

 

(12,631

)

Loss to common shares—basic

 

$

(5,198

)

 

$

(4,469

)

 

$

(15,916

)

 

$

(12,631

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding—basic

 

 

9,506

 

 

 

8,309

 

 

 

8,878

 

 

 

8,101

 

Basic earnings (loss) per common share

 

$

(0.55

)

 

$

(0.54

)

 

$

(1.79

)

 

$

(1.56

)

 

 

 

Three

 

 

Three

 

 

Nine

 

 

Nine

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss to common shares—basic

 

$

(5,198

)

 

$

(4,469

)

 

$

(15,916

)

 

$

(12,631

)

Undistributed earnings allocated to participating securities

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Undistributed earnings reallocated to participating securities

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Loss to common shares—diluted

 

$

(5,198

)

 

$

(4,469

)

 

$

(15,916

)

 

$

(12,631

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding—basic

 

 

9,506

 

 

 

8,309

 

 

 

8,878

 

 

 

8,101

 

Dilutive effect of stock options

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted average common shares outstanding—dilutive

 

 

9,506

 

 

 

8,309

 

 

 

8,878

 

 

 

8,101

 

Diluted earnings (loss) per common share

 

$

(0.55

)

 

$

(0.54

)

 

$

(1.79

)

 

$

(1.56

)