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


	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
Income / loss (numerator):
Loss from continuing operations	$	(3,861	)	$	(2,675	)	$	(10,603	)	$	(4,405	)
Income from discontinued operations		—			—			1,008			—
Noncontrolling interest		3,798			—			9,357			—
Conversion of preferred units		—			—			10,456			—

Net loss attributable to common shareholders	$	(7,659	)	$	(2,675	)	$	(29,408	)	$	(4,405	)

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			—			34,397,321			—
Class B common shares issued in connection with 2,770 Property Contribution		634,408			—			499,625			—
Class A common shares issued to members of board of trustees		6,500			—			4,286			—
Class A common shares issued in settlement of subscription agreement		434,783			—			267,559			—
Class A common shares issued in connection with Alaska Joint Venture Acquisition		43,609,394			—			17,891,033			—
Class A common shares issued in connection with IPO		26,854,220			—			9,049,774			—
Class A common shares issued in connection with 2013 Concurrent Private Placements		2,853,261			—			961,538			—
Class A common shares issued in connection with IPO over-allotment exercise		2,949,169			—			993,860			—

Total weighted-average shares		162,725,150			3,301,667			102,729,661			3,301,667

Net loss per share- basic and diluted:
Loss from continuing operations	$	(0.05	)	$	(0.81	)	$	(0.30	)	$	(1.33	)
Income from discontinued operations		—			—			0.01			—

Net loss per share- basic and diluted	$	(0.05	)	$	(0.81	)	$	(0.29	)	$	(1.33	)