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Net loss per share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Computation of Net Loss per Share on Basic and Diluted Basis

The following table reflects the computation of net loss per share on a basic and diluted basis for the three and six months ended June 30, 2013 and 2012 (in thousands, except share information):

 

     Three months ended June 30,     Six months ended June 30,  
       2013         2012         2013         2012    

Income / loss (numerator):

        

Net income / (loss) from continuing operations

   $ 137      $ (1,566   $ (6,742   $ (1,730

Income from discontinued operations

     986        —          1,008        —     

Noncontrolling interest

     4,664        —          5,559        —     

Conversion of preferred units

     10,456        —          10,456        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss attributable to common shareholders

   $ (13,997   $ (1,566   $ (21,749   $ (1,730
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average shares (denominator):

        

Class A common shares issued in formation transactions

     3,301,000        3,301,000        3,301,000        3,301,000   

Class B common shares issued in formation transactions

     667        667        667        667   

Class A common shares issued in 2012 Offering

     35,362,998        —          35,362,998        —     

Class A common shares issued in 2013 Offering

     46,718,750        —          28,134,496        —     

Class B common shares issued in connection with 2,770 Property Contribution

     634,408        —          431,117        —     

Class A common shares issued to members of board of trustees

     6,286        —          3,160        —     

Class A common shares issued in settlement of subscription agreement

     363,115        —          182,561        —     

Class A common shares issued in connection with Alaska Joint Venture Acquisition

     9,584,482        —          4,818,718        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Total weighted-average shares

     95,971,706        3,301,667        72,234,717        3,301,667   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share- basic and diluted:

        

Loss from continuing operations

   $ (0.16   $ (0.47   $ (0.31   $ (0.52

Income from discontinued operations

     0.01        —          0.01        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share- basic and diluted

     (0.15     (0.47     (0.30     (0.52