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EARNINGS (LOSS) PER SHARE (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings (Loss) Per Share

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the three months ended March 31, 2019 and 2018:

 

 

 

 

 

 

For the Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Income (loss)

 

$

(6,201

)

 

$

(27,705

)

(Income) loss allocated to preferred shares

 

 

(5,063

)

 

 

(6,389

)

Net income (loss) allocable to common shares

 

$

(11,264

)

 

$

(34,094

)

Weighted-average shares outstanding—Basic (1)

 

 

1,844,037

 

 

 

1,837,493

 

Weighted-average shares outstanding—Diluted (1)

 

 

1,844,037

 

 

 

1,837,493

 

Earnings (loss) per share—Basic:

 

 

 

 

 

 

 

 

Earnings (loss) per share—Basic

 

$

(6.11

)

 

$

(18.55

)

Earnings (loss) per share—Diluted:

 

 

 

 

 

 

 

 

Earnings (loss) per share—Diluted

 

$

(6.11

)

 

$

(18.55

)

 

 

(1)

All share and per-share amounts have been retroactively adjusted to reflect the Reverse Stock Split for all periods presented herein.