Loss per Common Share

12 Months Ended

Dec. 31, 2020

2. Loss per Common Share

The following table sets forth the computation of basic and diluted net loss per common share:

	2020			2019			2018
	(Dollars In Thousands, Except Per Share Amounts)
Numerator:
Net loss	$	(61,911	)	$	(63,417	)	$	(72,226	)
Adjustments for basic net loss per common share:
Dividend requirements on Series E Redeemable Preferred		(35,182	)		(30,729	)		(26,840	)
Dividend requirements on Series B Preferred		(240	)		(240	)		(240	)
Dividend requirements on Series D Preferred		(60	)		(60	)		(60	)
Accretion of Series E Redeemable Preferred		(2,026	)		(1,995	)		(3,375	)
Numerator for basic and diluted net loss per common share - net loss attributable to common stockholders	$	(99,419	)	$	(96,441	)	$	(102,741	)

Denominator:
Denominator for basic and diluted net loss per common share - adjusted weighted-average shares (1)		28,200,983			28,039,625			27,490,717

Basic and diluted net loss per common share	$	(3.53	)	$	(3.44	)	$	(3.74	)

(1)	All periods exclude 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:

	2020		2019		2018
Restricted stock and stock units		1,327,307		832,103		1,183,622
Convertible preferred stocks		916,666		916,666		916,666
Series E redeemable preferred stock - embedded derivative		303,646		303,646		303,646
Stock options		123,886		124,000		175,454
		2,671,505		2,176,415		2,579,388