Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2019

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).


	Three months ended September 30,				Nine months ended September 30,
	2019		2018		2019		2018
Basic loss per share computation
Numerator:
Net loss	$	(8,979)	$	(10,581)	$	(170,094)	$	(20,350)
Less: preferred dividends		—		(1,892)		—		(5,548)
Net loss attributable to common stockholders	$	(8,979)	$	(12,473)	$	(170,094)	$	(25,898)
Denominator:
Weighted average common shares outstanding		58,736		14,085		58,638		13,873

Loss per common share - basic
Net loss per common share - basic	$	(0.15)	$	(0.89)	$	(2.90)	$	(1.87)

Diluted loss per share computation
Numerator:
Net loss	$	(8,979)	$	(10,581)	$	(170,094)	$	(20,350)
Less: preferred dividends		—		(1,892)		—		(5,548)
Net loss attributable to common stockholders	$	(8,979)	$	(12,473)	$	(170,094)	$	(25,898)
Denominator:
Weighted average common shares outstanding		58,736		14,085		58,638		13,873
Effect of dilutive securities:
Options, RSUs, PSUs, warrants, Series A, convertible notes		—		—		—		—
Dilutive common shares		58,736		14,085		58,638		13,873

Loss per common share - diluted
Net loss per common share - diluted	$	(0.15)	$	(0.89)	$	(2.90)	$	(1.87)

Schedule of potential shares of common stock


	Three months ended September 30,				Nine months ended September 30,
	2019		2018		2019		2018
Basic loss per share computation
Numerator:
Net loss	$	(8,979)	$	(10,581)	$	(170,094)	$	(20,350)
Less: preferred dividends		—		(1,892)		—		(5,548)
Net loss attributable to common stockholders	$	(8,979)	$	(12,473)	$	(170,094)	$	(25,898)
Denominator:
Weighted average common shares outstanding		58,736		14,085		58,638		13,873

Loss per common share - basic
Net loss per common share - basic	$	(0.15)	$	(0.89)	$	(2.90)	$	(1.87)

Diluted loss per share computation
Numerator:
Net loss	$	(8,979)	$	(10,581)	$	(170,094)	$	(20,350)
Less: preferred dividends		—		(1,892)		—		(5,548)
Net loss attributable to common stockholders	$	(8,979)	$	(12,473)	$	(170,094)	$	(25,898)
Denominator:
Weighted average common shares outstanding		58,736		14,085		58,638		13,873
Effect of dilutive securities:
Options, RSUs, PSUs, warrants, Series A, convertible notes		—		—		—		—
Dilutive common shares		58,736		14,085		58,638		13,873

Loss per common share - diluted
Net loss per common share - diluted	$	(0.15)	$	(0.89)	$	(2.90)	$	(1.87)

The following potentially dilutive shares of common stock were excluded from diluted EPS as the Company had a net loss for the periods ended:


	Three months ended September 30,				Nine months ended September 30,
	2019		2018		2019		2018
Outstanding stock options		321		71		321		71
Unvested RSUs		9,900		757		9,900		757
Unvested PSUs		2,944		453		2,944		453
Outstanding warrants		500		650		500		650
Convertible Series A Preferred Stock		—		4,480		—		4,480
Convertible Series A-1 Preferred Stock		—		4,588		—		4,588
Modified Convertible Notes		1,299		1,278		1,299		1,278
2024 Convertible Notes		3,125		—		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 three and nine months ended September 30, 2018 (in thousands, except per share data):


	Three months ended		Nine months ended
	September 30,		September 30,
	2018		2018
Net loss	$	(10,581)	$	(20,350)
Less: preferred dividends		(1,892)		(5,548)
Net loss attributable to common stockholders	$	(12,473)	$	(25,898)

Denominator:
Weighted average common shares outstanding		14,085		13,873

Loss per common share - basic and diluted under two-class method	$	(0.89)	$	(1.87)