Net Loss Per Share

12 Months Ended

Dec. 31, 2020

Loss per common share is determined by dividing net loss applicable to common stock by the weighted average number of common shares 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.

The following table sets forth the computation of basic and diluted loss per share:



	Year Ended December 31,
(in thousands, except per share data)	2020		2019
Numerator (both basic and diluted):
Loss from continuing operations	$	(249,208)	$	(91,401)
Loss from discontinued operations, net of tax	(18,967)		(90,497)
Net loss available to common stockholders	$	(268,175)	$	(181,898)
Denominator:
Weighted-average shares used for basic and diluted earnings per share (a)	24,925		26,141


Loss from continuing operations per share, basic and diluted	$	(10.00)	$	(3.50)
Loss from discontinued operations per share, basic and diluted	(0.76)		(3.46)
Net loss per share, basic and diluted	$	(10.76)	$	(6.96)

(a) The Company has issued potentially dilutive instruments. However, the Company did not include these instruments in its calculation of diluted loss per share, because to include them would be anti-dilutive.

The following table sets forth the weighted-average number of potentially dilutive instruments:


	Year Ended December 31,
(in thousands)	2020	2019
Series A Preferred Stock	96,407	—
Warrants	2,067	2,067
Unvested restricted stock units	257	374
Stock options	194	306
Total	98,925	2,747