Loss Per Common Share

6 Months Ended

Jun. 30, 2020

2. Loss Per Common Share

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
	(Dollars In Thousands, Except Per Share Amounts)
Numerator:
Net income (loss)	$	(365	)	$	6,631		$	(19,817	)	$	(4,909	)
Adjustments for basic net loss per common share:
Dividend requirements on Series E Redeemable Preferred		(8,689	)		(7,589	)		(16,996	)		(14,845	)
Dividend requirements on Series B Preferred		(60	)		(60	)		(120	)		(120	)
Dividend requirements on Series D Preferred		(15	)		(15	)		(30	)		(30	)
Accretion of Series E Redeemable Preferred		(505	)		(497	)		(1,009	)		(993	)
Numerator for basic and dilutive net loss per common share - net loss attributable to common stockholders	$	(9,634	)	$	(1,530	)	$	(37,972	)	$	(20,897	)

Denominator:
Denominator for basic and dilutive net loss per common share - adjusted weighted-average shares (1)		28,198,963			28,050,848			28,187,584			28,004,936

Basic and dilutive net loss per common share	$	(0.34	)	$	(0.05	)	$	(1.35	)	$	(0.75	)

(1)

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

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				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Restricted stock and stock units		1,308,881		806,711		1,257,869		868,548
Convertible preferred stocks		916,666		916,666		916,666		916,666
Series E Redeemable Preferred - embedded derivative		303,646		303,646		303,646		303,646
Stock options		124,000		124,000		124,000		124,000
		2,653,193		2,151,023		2,602,181		2,212,860