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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

(dollars in thousands, except per share data)

 

September 30,

 

September 30,

 

 

2014

 

2013

 

2014

 

2013

Basic and Diluted Earnings per Share

 

 

 

 

 

 

 

 

 

 

 

 

Calculation:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator: basic

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable

 

 

 

 

 

 

 

 

 

 

 

 

to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(4,894)

 

$

82 

 

$

(18,556)

 

$

(2,427)

Discontinued operations

 

 

1,628 

 

 

777 

 

 

2,639 

 

 

(73)

Net earnings (loss) attributable to

 

 

 

 

 

 

 

 

 

 

 

 

common shareholders - total basic

 

$

(3,266)

 

$

859 

 

$

(15,917)

 

$

(2,500)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator: diluted

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable

 

 

 

 

 

 

 

 

 

 

 

 

to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

(4,894)

 

$

82 

 

$

(18,556)

 

$

(2,427)

Preferred C dividend

 

 

 

 

469 

 

 

 

 

Derivative Liability change

 

 

 

 

 

 

 

 

 

 

 

 

in fair market value

 

 

 

 

(2,674)

 

 

 

 

Total continuing operations

 

 

(4,894)

 

 

(2,123)

 

 

(18,556)

 

 

(2,427)

Discontinued operations

 

 

1,628 

 

 

777 

 

 

2,639 

 

 

(73)

Net earnings (loss) attributable to

 

 

 

 

 

 

 

 

 

 

 

 

common shareholders - total diluted

 

$

(3,266)

 

$

(1,346)

 

$

(15,917)

 

$

(2,500)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number

 

 

 

 

 

 

 

 

 

 

 

 

of common shares - basic

 

 

4,685,815 

 

 

2,890,873 

 

 

3,629,588 

 

 

2,889,224 

Restricted stock

 

 

 

 

1,476 

 

 

 

 

Preferred stock

 

 

 

 

3,750,000 

 

 

 

 

Warrants

 

 

 

 

3,750,000 

 

 

 

 

of common shares - diluted

 

 

4,685,815 

 

 

10,392,349 

 

 

3,629,588 

 

 

2,889,224 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted  Earnings

 

 

 

 

 

 

 

 

 

 

 

 

Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable

 

 

 

 

 

 

 

 

 

 

 

 

to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

per weighted average common share:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations - basic

 

$

(1.04)

 

$

0.03 

 

$

(5.11)

 

$

(0.84)

Discontinued operations - basic

 

 

0.35 

 

 

0.27 

 

 

0.73 

 

 

(0.03)

Total - Basic EPS

 

$

(0.69)

 

$

0.30 

 

$

(4.38)

 

$

(0.87)

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations - diluted

 

$

(1.04)

 

$

(0.20)

 

$

(5.11)

 

$

(0.84)

Discontinued operations - diluted

 

 

0.35 

 

 

0.07 

 

 

0.73 

 

 

(0.03)

Total - Diluted EPS

 

$

(0.69)

 

$

(0.13)

 

$

(4.38)

 

$

(0.87)

 

Schedule Of Potentially Dilutive Securities Excluded From Computation Of Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

September 30,

 

September 30,

 

2014

 

2013

 

2014

 

2013

Outstanding stock options

17,563 

 

31,003 

 

17,563 

 

31,003 

Unvested stock awards outstanding

566 

 

 

7,175 

 

1,555 

Warrants

3,750,000 

 

 

3,750,000 

 

3,750,000 

Series C preferred stock

18,750,000 

 

 

9,903,846 

 

3,750,000 

Convertible debt

 

 

737,179 

 

Total potentially dilutive securities

 

 

 

 

 

 

 

excluded from the denominator

22,518,129 

 

31,003 

 

14,415,763 

 

7,532,558