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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation Of Basic And Diluted Earnings Per Common Share





 

 

 

 

 

 

 

 

 

 

 

 



 

Three months ended June 30,

 

Six months ended June 30,



 

2017

 

2016

 

2017

 

2016

Numerator: Basic (1)

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to common shareholders:

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

 4,654 

 

$

 7,108 

 

$

 (9,299)

 

$

 (3,988)

Discontinued operations

 

 

 -

 

 

 -

 

 

 -

 

 

 654 

Total Net earnings (loss) attributable to common shareholders

 

 

 4,654 

 

 

 7,108 

 

 

 (9,299)

 

 

 (3,334)

Less: Allocation to participating securities

 

 

 (20)

 

 

 -

 

 

 (20)

 

 

 -

Net earnings (loss) attributable to common shareholders, net of amount allocated to participating securities

 

$

 4,634 

 

$

 7,108 

 

$

 (9,319)

 

$

 (3,334)



 

 

 

 

 

 

 

 

 

 

 

 

Numerator: Diluted (1)

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings (loss) attributable to common shareholders from continuing operations, net of amount allocated to participating securities

 

$

 4,634 

 

$

 7,108 

 

$

 (9,319)

 

$

 (3,988)

Dividends on Series D Preferred Stock

 

 

 -

 

 

 978 

 

 

-

 

 

-

Dividends and fair value adjustment on Series E Preferred Stock

 

 

 (95)

 

 

 -

 

 

-

 

 

-

Interest and fair value adjustment on Convertible Debt

 

 

 (9)

 

 

 (192)

 

 

-

 

 

-

Continuing operations - Diluted

 

 

 4,530 

 

 

 7,894 

 

 

 (9,319)

 

 

 (3,988)

Discontinued operations - Diluted

 

 

-

 

 

-

 

 

-

 

 

 654 

Total Diluted

 

$

 4,530 

 

$

 7,894 

 

$

 (9,319)

 

$

 (3,334)



 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares - Basic

 

 

 11,541,085 

 

 

 760,129 

 

 

 7,263,158 

 

 

 760,129 

Unvested restricted stock

 

 

 -

 

 

 111 

 

 

 -

 

 

 -

Series D Preferred Stock

 

 

 -

 

 

 6,004,957 

 

 

 -

 

 

 -

Series E Preferred Stock

 

 

 668,111 

 

 

 -

 

 

 -

 

 

 -

Warrants - RES

 

 

 23,146 

 

 

 20,294 

 

 

 -

 

 

 -

Convertible Debt

 

 

 97,269 

 

 

 97,269 

 

 

 -

 

 

 -

Weighted average number of common shares - Diluted

 

 

 12,329,611 

 

 

 6,882,760 

 

 

 7,263,158 

 

 

 760,129 



 

 

 

 

 

 

 

 

 

 

 

 

Earnings per Share

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations - Basic

 

$

 0.40 

 

$

 9.36 

 

$

 (1.28)

 

$

 (5.25)

Discontinued operations - Basic

 

 

 -

 

 

 -

 

 

 -

 

 

 0.86 

Total - Basic Earnings per Share

 

$

 0.40 

 

$

 9.36 

 

$

 (1.28)

 

$

 (4.39)



 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations - Diluted

 

$

 0.37 

 

$

 1.17 

 

$

 (1.28)

 

$

 (5.25)

Discontinued operations - Diluted

 

 

 -

 

 

 -

 

 

 -

 

 

 0.86 

Total - Diluted Earnings per Share

 

$

 0.37 

 

$

 1.17 

 

$

 (1.28)

 

$

 (4.39)



 

 

 

 

 

 

 

 

 

 

 

 

(1)

The earnings or loss 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,



2017

 

2016

 

2017

 

2016

Outstanding stock options

 481 

 

 865 

 

 481 

 

 865 

Unvested restricted stock

 15,269 

 

 -

 

 7,677 

 

 161 

Warrants - RES

 -

 

 -

 

 96,587 

 

 576,923 

Warrants - Employees

 66,153 

 

 66,153 

 

 66,153 

 

 66,153 

Series C Preferred Stock

 -

 

 -

 

 -

 

 1,204,564 

Series D Preferred Stock

 -

 

 -

 

 1,957,300 

 

 57,185 

Series E Preferred Stock

 -

 

 -

 

 450,239 

 

 -

Convertible debt

 -

 

 -

 

 97,269 

 

 -

LTIP partnership units (1)

 98,989 

 

 101,213 

 

 100,095 

 

 101,213 

CHLP partnership units (1)

 65,920 

 

 46,074 

 

 58,539 

 

 46,074 

Total potentially dilutive securities excluded from the denominator

 246,812 

 

 214,305 

 

 2,834,340 

 

 2,053,138 



(1)

LTIP and partnership units of CHLP 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. All LTIP units were cancelled effective June 28, 2017 (see Note 12).