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Loss per Common Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Loss per Common Share
Loss per Common Share
Basic loss per common share is calculated using the weighted average number of shares outstanding for the period. Unvested restricted stock and treasury shares are excluded from the calculation of basic weighted average number of common shares outstanding. Once restricted stock vests, it is included in our common shares outstanding.
Diluted loss per common share is computed on the basis of the weighted average shares outstanding plus the dilutive effect of our stock-based compensation plans using the “treasury stock” method. As we incurred a net loss for the three months ended March 31, 2017 and 2016, we did not include dilutive common equivalent shares in the computation of diluted net loss per share because the effect would have been anti-dilutive. Stock options are anti-dilutive when the exercise price of these instruments is greater than the average market price of the Company’s common stock for the period.
The following table sets forth the computation of the weighted average basic and diluted loss per share:
 
 
Three Months Ended
 
 
March 31,
(In millions, except for per share amounts)
 
2017
 
2016
Numerator:
 
 
 
 
Loss from continuing operations
 
$
(7.3
)
 
$
(14.7
)
Less: loss attributable to noncontrolling interest
 
(1.5
)
 
—

Net loss from continuing operations attributable to GlassBridge Enterprises, Inc.
 
(5.8
)
 
(14.7
)
Loss from discontinued operations, net of income taxes
 
(2.0
)
 
(76.4
)
Net loss attributable to GlassBridge Enterprises, Inc.
 
$
(7.8
)
 
$
(91.1
)
Denominator:
 
 
 
 
Weighted average number of common shares outstanding during the period - basic and diluted
 
4.1

 
3.7

 
 
 
 
 
Loss per common share attributable to GlassBridge common shareholders — basic and diluted:
 
 
 
 
Continuing operations
 
$
(1.41
)
 
$
(3.97
)
Discontinued operations
 
(0.49
)
 
(20.65
)
Net loss
 
$
(1.90
)
 
$
(24.62
)
 
 
 
 
 
Anti-dilutive shares excluded from calculation
 
0.3

 
0.5