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Net (Loss) Income Per Common Share
12 Months Ended
Dec. 31, 2012
Net (Loss) Income Per Common Share

Note 14: Net (loss) Income Per Common Share

Basic and diluted net (loss) income per share attributable to common shareholders is computed by dividing net (loss) income, excluding net (loss) income allocated to participating securities, by the weighted average number of shares outstanding less the weighted average of unvested restricted shares outstanding.

There were no dilutive effects from any equity instruments for any of the periods presented, therefore diluted net (loss) income per share was the same as basic net (loss) income for all periods presented. There were no participating shares for any period other than the period from March 20, 2012 to December 31, 2012.

The following table sets forth the compuation of basic and diluted net (loss) income per share:

(in thousands, except per share data):

 

    Successor          Predecessor     Predecessor     Predecessor  
    Period from
March 20, 2012 to
December 31, 2012
         Period from
January 1, 2012 to
March 19, 2012
    Year Ended
December 31, 2011
    Year Ended
December 31, 2010
 

Numerator for basic and diluted net (loss) income per share:

           

Net (loss) income

  $ (12,353)          $ (3,433)      $ (10,873)      $ 5,412    

Less: Net (loss) income allocated to participating securities

    (18)            —          —          —     
 

 

 

       

 

 

   

 

 

   

 

 

 

Net (loss) income attributable to common shareholders

  $ (12,335)          $ (3,433)      $ (10,873)      $ 5,412    
 

 

 

       

 

 

   

 

 

   

 

 

 

Denominator for basic and diluted net (loss) income per share:

           

Weighted average share outstanding

    200,298,083             1,000         1,000         1,000    

Weighted average unvested restricted shares outstanding

    (298,083)            —          —          —     
 

 

 

       

 

 

   

 

 

   

 

 

 

Denominator for basic and diluted net (loss) income per share:

    200,000,000             1,000         1,000         1,000    
 

 

 

       

 

 

   

 

 

   

 

 

 

Basic and diluted net (loss) income per share attributable to common shareholders

  $ (0.06)          $ (3,433.00)      $ (10,873.00)      $ 5,412.00