Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Net Loss Per Share

Schedule of reconciliation of net income (losses) to preferred shareholders, common shareholders, and non-vested restricted shareholders for purposes of computing net income (loss) per share

The following table (in thousands, except per share amounts) provides a reconciliation of net loss to preferred shareholders, common shareholders, and non-vested restricted shareholders for purposes of computing net loss per share for the three and six months ended June 30, 2015 and 2014, respectively:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Net loss	$	(598,437	)	$	(2,098	)	$	(791,989	)	$	(85,743	)
Preferred Dividend (1)	(669		)	(4,806		)	(800		)	(7,426		)
Net loss attributable to shareholders	$	(599,106	)	$	(6,904	)	$	(792,789	)	$	(93,169	)
Participating securities - Series A Preferred Stock (2)	—			—			—			—
Participating securities - Non-vested Restricted Stock (2)	—			—			—			—
Net loss attributable to common shareholders	$	(599,106	)	$	(6,904	)	$	(792,789	)	$	(93,169	)
Weighted average shares outstanding	6,774			6,645			6,750			6,622
Net loss per share	$	(88.44	)	$	(1.04	)	$	(117.45	)	$	(14.07	)

(1) Calculation of the preferred stock dividend is discussed in “— Note 11. Preferred Stock”

(2) As these shares are participating securities that participate in earnings, but are not required to participate in losses, this calculation demonstrates that there is not an allocation of the loss to the non-vested restricted stockholders.