Loss Per Share

6 Months Ended

Jun. 30, 2021

Loss Per ShareThe Company calculates basic loss per share by dividing net loss by the weighted average number of common shares outstanding, excluding unvested restricted shares. The Company calculates diluted loss per share by dividing net loss by the weighted average number of common shares outstanding plus the dilutive effect of all outstanding share-based awards, including stock options and restricted stock awards. Warrants generally are included in basic and diluted shares outstanding because there is little or no consideration paid upon exercise of the Warrants. For the three and six months ended June 30, 2021, due to the net loss attributable to the Company common stockholders, potential common shares that would cause dilution, such as employee stock options, restricted shares and other stock awards, have been excluded from the diluted share count because their effect would have been anti-dilutive. The Company applies the two-class method to calculate loss per share. Because both classes share the same rights in dividends and losses, loss per share (basic and diluted) is the same for both classes.

The following table presents the basic and diluted loss per share, and the reconciliation of basic to diluted weighted average common shares (in thousands):


	Three Months Ended June 30, 2021		Three Months Ended June 30, 2020
Basic Loss Per Share
Numerator:
Undistributed net loss from operations	$	(5,891)	$	(36,316)



Basic net loss attributable to common shares	$	(5,891)	$	(36,316)
Denominator:
Basic weighted average shares outstanding	20,475		20,333
Basic undistributed net loss per share attributable to common shares	$	(0.29)	$	(1.79)

Diluted Loss Per Share
Numerator:
Undistributed net loss from operations	$	(5,891)	$	(36,316)



Diluted net loss attributable to common shares	$	(5,891)	$	(36,316)
Denominator:
Basic weighted average shares outstanding	20,475		20,333


Diluted weighted average shares outstanding	20,475		20,333
Diluted undistributed net loss per share attributable to common shares	$	(0.29)	$	(1.79)


	Six Months Ended June 30, 2021		Six Months Ended June 30, 2020
Basic Loss Per Share
Numerator:
Undistributed net loss from operations	$	(27,809)	$	(43,667)



Basic net loss attributable to common shares	$	(27,809)	$	(43,667)
Denominator:
Basic weighted average shares outstanding	20,448		20,279
Basic undistributed net loss per share attributable to common shares	$	(1.36)	$	(2.15)

Diluted Loss Per Share
Numerator:
Undistributed net loss from operations	$	(27,809)	$	(43,667)



Diluted net loss attributable to common shares	$	(27,809)	$	(43,667)
Denominator:
Basic weighted average shares outstanding	20,448		20,279


Diluted weighted average shares outstanding	20,448		20,279
Diluted undistributed net loss per share attributable to common shares	$	(1.36)	$	(2.15)