XML 42 R47.htm IDEA: XBRL DOCUMENT v3.20.1
LOSS PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Loss Per Share

The computation of basic and diluted loss per share is as follows for the years ended December 31:

 

 

 

2019

 

 

2018

 

Net loss attributable to SAExploration

 

$

(25,186

)

 

$

(60,465

)

Amortization of discount on Series A and Series B preferred stock

 

 

 

 

 

(72,762

)

Accretion of Series A preferred stock to redemption value

 

 

 

 

 

21,376

 

Dividends on Series A preferred stock

 

 

 

 

 

(1,614

)

Net loss available to common stockholders

 

$

(25,186

)

 

$

(113,465

)

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic and diluted)

 

 

7,951

 

 

 

3,448

 

 

 

 

 

 

 

 

 

 

Loss per share available to common stockholders (basic and diluted)

 

$

(3.17

)

 

$

(32.91

)

 

 

 

 

 

 

 

 

 

Potentially anti-dilutive shares excluded from diluted loss available to common

  stockholders (1)

 

 

10,997

 

 

 

10,709

 

 

(1)

Includes our Series A and Series B warrants, unvested equity–based compensation and the shares underlying our 2023 Notes as their effect, if included, would have been anti–dilutive.