XML 46 R16.htm IDEA: XBRL DOCUMENT v3.2.0.727
Loss Per Share (Notes)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Loss Per Share
Loss Per Share
Basic loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during a period.  The diluted loss per share calculation gives effect to dilutive options, warrants, convertible notes, convertible preferred stock, and other potentially dilutive common stock including selected restricted shares of common stock outstanding during the period.  Diluted loss per share is based on the treasury stock method and includes the effect from potential issuance of common stock, such as shares issuable pursuant to the exercise of stock options and warrants, assuming the exercise of all in-the-money stock options based on the average market price during the period.  Common share equivalents have been excluded where their inclusion would be anti-dilutive.
 
For the three months ended  June 30,
 
For the six months ended  June 30,
($ in thousands except share and per share data)
2015
 
2014
 
2015
 
2014
Loss per share - basic:
 

 
 

 
 

 
 

Numerator for basic loss per share
$
(6,756
)
 
$
(2,257
)
 
$
(15,281
)
 
$
(16,266
)
Denominator for basic loss per share
40,889,732

 
40,856,815

 
40,875,704

 
40,720,958

Basic loss per common share
$
(0.17
)
 
$
(0.06
)
 
$
(0.37
)
 
$
(0.40
)
Loss per share - diluted:
 

 
 

 
 

 
 

Numerator for diluted loss per share
$
(6,756
)
 
$
(2,257
)
 
$
(15,281
)
 
$
(16,266
)
Add back: Fair value of “in the money” warrants outstanding
—

 
1,284

 
—

 
1,284

Net loss attributable to common share
$
(6,756
)
 
$
(3,541
)
 
$
(15,281
)
 
$
(17,550
)
Denominator for basic loss per share
40,889,732

 
40,856,815

 
40,875,704

 
40,720,958

Plus: Incremental shares underlying “in the money” warrants outstanding
—

 
394,071

 
—

 
197,035

Denominator for diluted loss per share
40,889,732

 
41,250,886

 
40,875,704

 
40,917,993

Diluted net loss per common share
$
(0.17
)
 
$
(0.09
)
 
$
(0.37
)
 
$
(0.43
)

     The following potentially dilutive securities have been excluded from the computations of diluted weighted-average shares outstanding, as their effect would be anti-dilutive: 
 
Three months ended June 30,
 
Six months ended June 30,
 
2015
 
2014
 
2015
 
2014
“In the money” stock options
1,482,614

 
844,000

 
1,518,957

 
1,094,000

“Out of the money” stock options
1,654,200

 
1,553,717

 
1,442,200

 
1,241,719

“In the money” warrants
1,201,698

 
—

 
1,201,698

 
600,849

“Out of the money” warrants
4,831,352

 
4,831,352

 
4,831,352

 
4,831,352

 
 
 
 
 
 
 
 
Other securities excluded from the calculation of diluted loss per share:
 
 
 
 
 
 
 
Stock options with performance condition
100,000

 
—

 
100,000

 
—