Net Loss Per Share

12 Months Ended

Dec. 31, 2019

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):



	Year ended December 31,
	2019		2018
Numerator (both basic and diluted):
Loss from continuing operations	$	(91,401)	$	(116,736)
Loss from discontinued operations, net of tax	(90,497)		(27,861)
Net loss available to common stockholders	$	(181,898)	$	(144,597)
Denominator:
Denominator for basic and diluted earnings per share	26,141,414		26,467,417


Basic and diluted loss per common share from continuing operations:	$	(3.50)	$	(4.41)
Basic and diluted loss per common share from discontinued operations:	(3.46)		(1.05)
Basic and diluted loss per common share available to stockholders:	$	(6.96)	$	(5.46)

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:


	Year ended December 31,
	2019	2018
Warrants	2,066,576	2,066,576
Unvested restricted stock units	373,754	29,806
Stock options	306,506	595,736
Total	2,746,836	2,692,118