Net Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Net Earnings (Loss) Per Share

Net Earnings (Loss) Per Share

Basic loss per common share are determined by dividing net loss applicable to common stock by the weighted average number of common shares actually outstanding during the year. Diluted loss per common share is based on the increased number of shares that would be outstanding assuming conversion of dilutive outstanding securities using the “as if converted” method. The following table sets forth the computation of basic and diluted loss per share (in thousands, except share data):

	Years ended December 31,
	2018		2017
Numerator (both basic and diluted):
Net loss available to common stockholders	$	(144,597)	$	(96,674)
Denominator:
Denominator for basic earnings per share	26,467,417		26,005,870
Denominator for diluted earnings per share	26,467,417		26,005,870
Basic loss per common share:	$	(5.46)	$	(3.72)
Diluted loss per common share:	$	(5.46)	$	(3.72)

The Company has issued potentially dilutive instruments such as unvested restricted stock and common stock options. However, the Company did not include these instruments in its calculation of diluted loss per share during the periods presented, because to include them would be anti-dilutive.

The following shows potentially dilutive instruments:

	Years ended December 31,
	2018	2017
Stock options	595,736	654,016
Warrants	2,066,576	2,066,624
Unvested restricted stock	29,806	16,114
Total	2,692,118	2,736,754