(Loss) Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2016

(Loss) Earnings per Share

Schedule of reconciliation of numerator and denominator of basic and diluted (loss) earnings per share

	Year ended December 31,
	2016		2015
Basic (loss) earnings per share computation
Numerator:
(Loss) income from continuing operations	$	(16,526)	$	760
Loss from discontinued operations		(1,286)		—
Net (loss) income	$	(17,812)	$	760
Denominator:
Weighted average common shares outstanding		12,428		8,825
(Loss) earnings per common share - basic
(Loss) income from continuing operations	$	(1.33)	$	0.09
Loss from discontinued operations		(0.10)		—
(Loss) earnings per common share - basic	$	(1.43)	$	0.09
Diluted (loss) earnings per share computation
Numerator:
(Loss) income from continuing operations	$	(16,526)	$	760
Loss from discontinued operations		(1,286)		—
Net (loss) income	$	(17,812)	$	760
Denominator:
Weighted average common shares outstanding		12,428		8,825
Effect of dilutive securities:
Options, RSUs, PSUs, warrants, Series A, convertible notes		—		—
Dilutive common shares		12,428		8,825
(Loss) earnings per common share - diluted
(Loss) income from continuing operations	$	(1.33)	$	0.09
Loss from discontinued operations		(0.10)		—
(Loss) earnings per common share - diluted	$	(1.43)	$	0.09

Schedule of reconciliation of basic and diluted (loss) earnings per share, two class method

The following table provides a reconciliation of net (loss) income to preferred shareholders and common stockholders for purposes of computing net (loss) income per share for the years ended December 31, 2016 and 2015 (in thousands, except per share data):

	Year ended December 31,
	2016		2015
Net (loss) income	$	(17,812)	$	760
Less: preferred dividends		4,694		-
Net (loss) income attributable to stockholders		(22,506)		760
Participating securities - Series A Preferred Stock (1)		-		-
Net (loss) income attributable to common stockholders	$	(22,506)	$	760
Denominator:
Weighted average common shares outstanding		12,428		8,825
(Loss) earnings per common share - basic and diluted under two-class method	$	(1.81)	$	0.09

As these shares are participating securities that participate in earnings, but do not participate in losses based on their contractual rights and obligations, this calculation demonstrates that there is no allocation of the loss to these securities.