XML 40 R29.htm IDEA: XBRL DOCUMENT

LOSS PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Computation of Basic and Diluted Loss Per Share

The computation of basic and diluted loss per share is as follows:

		Three Months Ended June 30,				Six Months Ended June 30,
		2018				2018
Net loss attributable to SAExploration		$	(33,405	)		$	(35,714	)
Amortization of discount on Series A and Series B preferred stock			(22,231	)			(67,426	)
Accretion of Series A preferred stock to redemption value			22,667				21,376
Dividends on Series A preferred stock			(663	)			(1,119	)
Allocation of earnings to participating securities ⁽¹⁾			—				—
Loss available to common stockholders of SAExploration		$	(33,632	)		$	(82,883	)

Weighted average common shares outstanding (basic and diluted)			14,981				12,830

Loss per share available to common stockholders of SAExploration (basic and diluted)		$	(2.24	)		$	(6.46	)

Anti-dilutive shares excluded from diluted loss available to common stockholders of SAExploration ⁽²⁾			137,836				137,836

		Three Months Ended June 30,				Six Months Ended June 30,
		2017				2017
Net loss attributable to SAExploration		$	(17,905	)		$	(11,060	)

Weighted average common shares outstanding (basic and diluted)			9,359				9,359

Net loss per share (basic and diluted)		$	(1.91	)		$	(1.18	)

Anti-dilutive shares excluded from diluted loss per share ⁽²⁾			681				667

⁽¹⁾	Participating securities are not allocated losses as they do not participate in losses.

⁽²⁾	Includes unvested equity–based compensation, warrants and common stock that would be issued on conversion of the Series A preferred stock.