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Loss Per Common Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Common Share

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2019

 

 

2018

 

 

 

(Dollars In Thousands, Except Per Share Amounts)

 

Numerator:

 

 

 

 

 

 

 

 

Net loss

 

$

(11,540

)

 

$

(5,591

)

Adjustments for basic net loss per common share:

 

 

 

 

 

 

 

 

Dividend requirements on Series E Redeemable Preferred

 

 

(7,256

)

 

 

(6,338

)

Dividend requirements on Series B Preferred

 

 

(60

)

 

 

(60

)

Dividend requirements on Series D Preferred

 

 

(15

)

 

 

(15

)

Accretion of Series E Redeemable Preferred

 

 

(496

)

 

 

(1,599

)

Numerator for basic and dilutive net loss per common share - net loss

   attributable to common stockholders

 

$

(19,367

)

 

$

(13,603

)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Denominator for basic and dilutive net loss per common share – adjusted

   weighted-average shares (1)

 

 

27,959,024

 

 

 

27,518,782

 

 

 

 

 

 

 

 

 

 

Basic and dilutive net loss per common share:

 

$

(0.69

)

 

$

(0.49

)

 

(1)

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

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,

 

 

 

2019

 

 

2018

 

Restricted stock and stock units

 

 

930,386

 

 

 

1,195,315

 

Convertible preferred stocks

 

 

916,666

 

 

 

916,666

 

Series E Redeemable Preferred - embedded derivative

 

 

303,646

 

 

 

303,646

 

Stock options

 

 

124,000

 

 

 

196,121

 

 

 

 

2,274,698

 

 

 

2,611,748