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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Summary of Reconciliation of Earnings (Loss) Per Common Share

The following table reconciles earnings (loss) per common share:

 

 

 

Three

 

 

Three

 

 

Six

 

 

Six

 

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(7,933

)

 

$

(8,038

)

 

$

(16,396

)

 

$

(16,150

)

 

Distributed earnings to common shares

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributed earnings to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Total distributed earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed loss allocable to common shares

 

 

(7,933

)

 

 

(8,038

)

 

 

(16,396

)

 

 

(16,150

)

 

Undistributed earnings allocable to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Total undistributed loss

 

 

(7,933

)

 

 

(8,038

)

 

 

(16,396

)

 

 

(16,150

)

 

Loss to common shares — basic

 

$

(7,933

)

 

$

(8,038

)

 

$

(16,396

)

 

$

(16,150

)

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — basic

 

 

11,665

 

 

 

11,337

 

 

 

11,576

 

 

 

11,302

 

 

Basic earnings (loss) per common share

 

$

(0.68

)

 

$

(0.71

)

 

$

(1.42

)

 

$

(1.43

)

 

 

 

 

Three

 

 

Three

 

 

Six

 

 

Six

 

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss to common shares — basic

 

$

(7,933

)

 

$

(8,038

)

 

$

(16,396

)

 

$

(16,150

)

 

Undistributed earnings allocated to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed earnings reallocated to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss to common shares — diluted

 

$

(7,933

)

 

$

(8,038

)

 

$

(16,396

)

 

$

(16,150

)

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — basic

 

 

11,665

 

 

 

11,337

 

 

 

11,576

 

 

 

11,302

 

 

Dilutive effect of stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — diluted

 

 

11,665

 

 

 

11,337

 

 

 

11,576

 

 

 

11,302

 

 

Diluted earnings (loss) per common share

 

$

(0.68

)

 

$

(0.71

)

 

$

(1.42

)

 

$

(1.43

)