Pro Forma Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Pro Forma Earnings (Loss) Per Share

Pro Forma Earnings (Loss) Per Share

Pro Forma basic and diluted earnings (loss) per common share for all periods presented is computed by dividing net income (loss) for the respective period by 42,702,842 common shares, which is the aggregate number of 13,522,288 shares of Series A common stock, 711,992 shares Series B common stock, and 28,468,562 shares of Series C common stock issued upon completion of the Spin-Off on July 22, 2016.

Immediately following the Spin-Off there were (a) 109,354 shares of common stock issuable to pre-Spin-Off minority shareholders of CTI and (b) 7,362,933 outstanding awards to purchase shares of our common stock, in each case which have been excluded from the pro forma earnings (loss) per share calculation, as the Spin-Off occurred subsequent to June 30, 2016.