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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

(dollars in thousands, except per share data)

 

March 31,

 

 

2015

 

2014

Basic and Diluted Earnings per Share

 

 

 

 

 

 

Calculation: *

 

 

 

 

 

 

Numerator: basic

 

 

 

 

 

 

Net earnings (loss) attributable to common shareholders:

 

 

 

 

 

 

Continuing operations

 

$

1,088 

 

$

(1,533)

Discontinued operations

 

 

1,190 

 

 

182 

Net earnings (loss) attributable to common shareholders - total basic

 

$

2,278 

 

$

(1,351)

Numerator: diluted

 

 

 

 

 

 

Net earnings (loss) attributable to common shareholders:

 

 

 

 

 

 

Continuing operations

 

$

1,088 

 

$

(1,533)

Preferred stock dividend

 

 

507 

 

 

Derivative Liability change in fair market value

 

 

(4,823)

 

 

Total continuing operations

 

 

(3,228)

 

 

(1,533)

Discontinued operations

 

 

1,190 

 

 

182 

Net loss attributable to common shareholders - total diluted

 

$

(2,038)

 

$

(1,351)

Denominator:

 

 

 

 

 

 

Weighted average number of common shares - basic

 

 

4,747,012 

 

 

2,892,348 

Restricted stock

 

 

1,115 

 

 

Series C Convertible Preferred stock

 

 

18,750,000 

 

 

Warrants - Employees

 

 

8,031 

 

 

Weighted average number of common shares - diluted

 

 

23,506,158 

 

 

2,892,348 

Basic and Diluted  Earnings

 

 

 

 

 

 

Per Common Share:

 

 

 

 

 

 

Net earnings (loss) attributable to common shareholders

 

 

 

 

 

 

per weighted average common share:

 

 

 

 

 

 

Continuing operations - basic

 

$

0.23 

 

$

(0.53)

Discontinued operations - basic

 

 

0.25 

 

 

0.06 

Total - Basic EPS

 

$

0.48 

 

$

(0.47)

Continuing operations - diluted

 

$

(0.14)

 

$

(0.53)

Discontinued operations - diluted

 

 

0.05 

 

 

0.06 

Total - Diluted EPS

 

$

(0.09)

 

$

(0.47)

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

Three months ended

 

March 31,

 

2015

 

2014

Outstanding stock options

8,750 

 

17,563 

Unvested stock awards outstanding

969 

 

11,049 

Warrants - Employees

138,556 

 

Common operating units *

97,008 

 

97,008 

LTIP Units *

219,298 

 

Warrants

3,750,000 

 

3,750,000 

Series C preferred stock

 

3,750,000 

Convertible debt

 

1,307,190 

Total potentially dilutive securities excluded from the denominator

4,214,581 

 

8,932,810