Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of reconciliation of the numerator and denominator of basic and diluted loss per share

A reconciliation of the numerator and denominator of basic and diluted loss per share is as follows (in thousands, except per share data).


	December 31
	2018		2017
Basic loss per share computation
Numerator:
Loss from continuing operations	$	(123,766)	$	(2,458)
Less: preferred dividends		(6,144)		(5,480)
Loss from continuing operations attributable to common stockholders		(129,910)		(7,938)
Denominator:
Weighted average common shares outstanding		21,569		13,313

Loss per common share - basic
Loss from continuing operations	$	(6.02)	$	(0.60)
Loss per common share - basic	$	(6.02)	$	(0.60)

Diluted loss per share computation
Numerator:
Loss from continuing operations	$	(123,766)	$	(2,458)
Less: preferred dividends		(6,144)		(5,480)
Loss from continuing operations attributable to common stockholders		(129,910)		(7,938)
Denominator:
Weighted average common shares outstanding		21,569		13,313
Effect of dilutive securities:
Options, RSUs, PSUs, warrants, Series A, convertible notes		—		—
Dilutive common shares		21,569		13,313

Loss per common share - diluted
Loss from continuing operations	$	(6.02)	$	(0.60)
Loss per common share - diluted	$	(6.02)	$	(0.60)

Schedule of potential shares of common stock

The following potential shares of common stock were excluded from diluted EPS as the Company had a net loss as of the years ended (in thousands):


	December 31, 2018		December 31, 2017
Outstanding stock options		321		71
Unvested RSUs		5,821		746
Unvested PSUs		1,406		458
Outstanding warrants		650		650
Convertible Series A preferred stock		—		4,480
Convertible Series A-1 preferred stock		—		—
Modified Convertible Notes		1,278		1,247
SWIMS Convertible Note		—		4,565
2024 Convertible Notes		3,125		—

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

The following table provides a reconciliation of net loss to preferred shareholders and common stockholders for purposes of computing net loss per share for the years ended December 31, 2018 and 2017 (in thousands, except per share data):


	December 31,
	2018		2017
Net loss	$	(123,766)	$	(2,458)
Less: preferred dividends		(6,144)		(5,480)
Net loss attributable to common stockholders	$	(129,910)	$	(7,938)

Denominator:
Weighted average common shares outstanding		21,569		13,313

Loss per common share - basic and diluted under two-class method	$	(6.02)	$	(0.60)