Quarterly report pursuant to Section 13 or 15(d)

Computation of Net Loss From Continuing Operations Per Share of Common Stock

v3.5.0.2
Computation of Net Loss From Continuing Operations Per Share of Common Stock
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Computation of Net Loss From Continuing Operations Per Share of Common Stock
Computation of Net Loss From Continuing Operations Per Share of Common Stock
The following table identifies the components of net loss per basic and diluted share (in thousands, except for per share data):
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
Shares outstanding at end of period
9,231

 
9,225

 
9,231

 
9,225

Basic weighted average shares outstanding
9,241

 
9,288

 
9,232

 
9,233

Dilutive effect of stock options and restricted stock units

 

 

 

Total diluted weighted average shares outstanding
9,241

 
9,288

 
9,232

 
9,233

Net loss from continuing operations
$
(2,485
)
 
$
(7,311
)
 
$
(10,908
)
 
$
(24,112
)
Net loss from continuing operations per basic and diluted share
$
(0.27
)
 
$
(0.79
)
 
$
(1.18
)
 
$
(2.61
)

Stock options and restricted stock units to acquire weighted average common shares excluded from the computation of diluted weighted average common shares as their effect is anti-dilutive were as follows (in thousands):
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
Anti-dilutive stock options
1,312

 
1,573

 
1,418

 
1,576

Anti-dilutive restricted stock units
120

 
40

 
81

 
40

Anti-dilutive stock options and restricted stock units
1,432

 
1,613

 
1,499

 
1,616

Restricted stock units to acquire 120,000 common shares were outstanding as of September 30, 2016.
As described in Note 10–"Subsequent Event," on October 21, 2016, the Company issued a warrant for the purchase of 314,286 shares of the Company's common stock having an exercise price of $2.80 per share.