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Loss Per Share ("EPS")
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Loss Per Share ("EPS")

8. Loss Per Share (“EPS”)

For the three and six months ended June 30, 2017 and 2016, 8,210,009 and 7,986,161, 7,412,133 and 7,181,595, respectively, of potentially dilutive shares were excluded from the computation of diluted loss per share due to the Company recognizing a net loss for the period. 

Basic and diluted loss per share follows (in millions, except share data)

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Numerator for basic and diluted net loss

   per share attributable to the Company's

   stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to the Company's

   stockholders

$

(17

)

 

$

(44

)

 

$

(40

)

 

$

(107

)

Denominator for basic loss per share

   attributable to the Company's stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares

   outstanding

 

107,689,554

 

 

 

107,442,304

 

 

 

107,635,122

 

 

 

107,357,620

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of stock-based

   compensation

 

 

 

 

 

 

 

 

 

 

 

Denominator for diluted loss per share

   attributable to the Company's stockholders

 

107,689,554

 

 

 

107,442,304

 

 

 

107,635,122

 

 

 

107,357,620

 

Loss per share attributable to the Company's

   stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(0.16

)

 

$

(0.40

)

 

$

(0.37

)

 

$

(0.99

)

Diluted

$

(0.16

)

 

$

(0.40

)

 

$

(0.37

)

 

$

(0.99

)

 

ASC Topic 260, “Earnings Per Share,” requires companies with unvested participating securities to utilize a two-class method for the computation of net income attributable to the Company per share. The two-class method requires a portion of net income attributable to the Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, if declared. Net losses are not allocated to nonvested shares in periods that the Company determines that those shares are not obligated to participate in losses.