Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.8.0.1
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Computation of net loss and diluted net loss per share data
Basic net loss and diluted net loss per share data were computed as follows (in thousands except per share data):

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net (loss) for basic earnings per share
$
(633
)
 
$
(3,745
)
 
$
(12,979
)
 
$
(13,027
)
Change in fair value of warrant liability
2,790

 
—

 
—

 
—

Net (loss) for diluted earnings per share
$
(3,423
)
 
$
(3,745
)
 
$
(12,979
)
 
$
(13,027
)
Denominator:
 
 
 
 
 
 
 
Weighted-average basic common shares outstanding
21,577

 
16,519

 
20,059

 
14,868

Assumed conversion of dilutive securities:
 
 
 
 
 
 
 
Common stock purchase warrants
782

 
—

 
—

 
—

Potentially dilutive common shares
782

 
—

 
—

 
—

Denominator for diluted earnings per share – adjusted weighted-average shares
22,359

 
16,519

 
20,059

 
14,868

Basic net (loss) per share
$
(0.03
)
 
$
(0.23
)
 
$
(0.65
)
 
$
(0.88
)
Diluted net (loss) per share
$
(0.15
)
 
$
(0.23
)
 
$
(0.65
)
 
$
(0.88
)
 
 
 
 
 
 
 
 
Summary of anti-dilutive equivalent units outstanding excluded from earnings per share calculation
The following table summarizes equivalent units outstanding that were excluded from the earnings per share calculation because their effects were anti-dilutive (in thousands):

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Common stock purchase warrants
4,163

 
7,145

 
6,574

 
7,145

Stock options
2,816

 
2,128

 
2,816

 
2,128

Restricted shares of common stock
115

 
73

 
115

 
73

 
7,094

 
9,346

 
9,505

 
9,346