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Loss per Common Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Common Share

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2017

 

 

2016

 

 

 

(Dollars In Thousands, Except Per

Share Amounts)

 

Numerator:

 

 

 

 

 

 

 

 

Net loss:

 

$

(5,986

)

 

$

(14,941

)

Adjustments for basic net loss per common

   share:

 

 

 

 

 

 

 

 

Dividend requirements on Series E Redeemable

   Preferred

 

 

(5,536

)

 

 

(7,350

)

Dividend requirements on Series B

   Preferred

 

 

(60

)

 

 

(60

)

Dividend requirements on Series D

   Preferred

 

 

(15

)

 

 

(15

)

Accretion of Series E Redeemable Preferred

 

 

(1,599

)

 

 

(2,243

)

Numerator for basic and diluted net loss per common

   share - net loss attributable to common stockholders

 

$

(13,196

)

 

$

(24,609

)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic and dilutive net loss per common

   share - weighted- average shares (1)

 

 

27,248,059

 

 

 

22,868,307

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per common share:

 

 

 

 

 

 

 

 

Loss from continuing operations

 

$

(0.48

)

 

$

(1.11

)

Income from discontinued operations, net of taxes

 

 

 

 

 

0.03

 

Net loss

 

$

(0.48

)

 

$

(1.08

)

 

(1)

Excludes the weighted-average shares of unvested restricted stock that are contingently returnable.

Antidilutive Securities Excluded from Computation of Diluted Net Loss Per Common Share

The following weighted-average shares of securities were not included in the computation of diluted net loss per common share as their effect would have been antidilutive:

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2017

 

 

2016

 

Restricted stock and stock units

 

 

1,117,426

 

 

 

833,642

 

Convertible preferred stocks

 

 

916,666

 

 

 

916,666

 

Series E Redeemable Preferred - embedded derivative

 

 

303,646

 

 

 

456,225

 

Stock options

 

 

219,011

 

 

 

559,167

 

Warrants

 

 

 

 

 

4,103,746

 

 

 

 

2,556,749

 

 

 

6,869,446