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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Common Share



 

 

 

 

 

 

 

 

 

 

 

 



 

Three months ended June 30,

 

Six months ended June 30,



 

2016

 

2015

 

2016

 

2015

Numerator: Basic (1)

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations - Basic

 

$

 7,108 

 

$

 (7,525)

 

$

 (3,989)

 

$

 (6,626)

Discontinued operations - Basic

 

 

 -

 

 

 1,008 

 

 

 655 

 

 

 2,387 

Total Basic

 

$

 7,108 

 

$

 (6,517)

 

$

 (3,334)

 

$

 (4,239)



 

 

 

 

 

 

 

 

 

 

 

 

Numerator: Diluted (1)

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to common shareholders from continuing operations

 

$

 7,108 

 

$

 (7,525)

 

$

 (3,989)

 

$

 (6,626)

Dividends on Series D Preferred Stock

 

 

 978 

 

 

 -

 

 

 -

 

 

 -

Interest and fair value adjustment on Convertible Debt

 

 

 (192)

 

 

 -

 

 

 -

 

 

 -

Continuing operations - Diluted

 

 

 7,894 

 

 

 (7,525)

 

 

 (3,989)

 

 

 (6,626)

Discontinued operations - Diluted

 

 

-

 

 

 1,008 

 

 

 655 

 

 

 2,387 

Total Diluted

 

$

 7,894 

 

$

 (6,517)

 

$

 (3,334)

 

$

 (4,239)



 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares - Basic

 

 

 4,940,836 

 

 

 4,925,714 

 

 

 4,940,836 

 

 

 4,836,856 

Unvested stock

 

 

 724 

 

 

 -

 

 

 -

 

 

 -

Series D Preferred Stock

 

 

 39,032,225 

 

 

 -

 

 

 -

 

 

 -

Warrants - RES

 

 

 131,910 

 

 

 -

 

 

 -

 

 

 -

Convertible Debt

 

 

 632,249 

 

 

 -

 

 

 -

 

 

 -

Weighted average number of common shares - Diluted

 

 

 44,737,944 

 

 

 4,925,714 

 

 

 4,940,836 

 

 

 4,836,856 



 

 

 

 

 

 

 

 

 

 

 

 

Earnings per Share

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations - Basic

 

$

 1.44 

 

$

 (1.52)

 

$

 (0.81)

 

$

 (1.37)

Discontinued operations - Basic

 

 

 -

 

 

 0.20 

 

 

 0.13 

 

 

 0.49 

Total - Basic Earnings per Share

 

$

 1.44 

 

$

 (1.32)

 

$

 (0.68)

 

$

 (0.88)



 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations - Diluted

 

$

 0.18 

 

$

 (1.52)

 

$

 (0.81)

 

$

 (1.37)

Discontinued operations - Diluted

 

 

 0.00 

 

 

 0.20 

 

 

 0.13 

 

 

 0.49 

Total - Diluted Earnings per Share

 

$

 0.18 

 

$

 (1.32)

 

$

 (0.68)

 

$

 (0.88)



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

(1)

The loss (earnings) attributable to noncontrolling interest is allocated between continuing and discontinued operations for the purpose of the EPS calculation.
Schedule Of Potentially Dilutive Securities Excluded From Computation Of Earnings Per Share



 

 

 

 

 

 

 



Three months ended June 30,

 

Six months ended June 30,



2016

 

2015

 

2016

 

2015

Outstanding stock options

 5,625 

 

 8,750 

 

 5,625 

 

 8,750 

Unvested stock awards

 -

 

 1,284 

 

 1,042 

 

 225 

Warrants - RES

 -

 

 3,750,000 

 

 3,750,000 

 

 3,750,000 

Warrants - Employees

 430,000 

 

 430,000 

 

 430,000 

 

 287,459 

Series C Preferred Stock

 -

 

 18,750,000 

 

 7,829,670 

 

 18,750,000 

Convertible debt

 -

 

 -

 

 371,707 

 

 -

LTIP partnership units (1)

 657,894 

 

 657,894 

 

 657,894 

 

 439,809 

SLP partnership units (1)

 299,486 

 

 12,126 

 

 299,486 

 

 12,126 

Total potentially dilutive securities excluded from the denominator

 1,393,005 

 

 23,610,054 

 

 13,345,424 

 

 23,248,369 



(1)

LTIP and partnership units of SLP have been omitted from the denominator for the purpose of computing diluted EPS since the effect of including these amounts in the numerator and denominator would have no impact on calculated EPS.