Net Income (Loss) Attributable to Common Stockholders (Tables)

9 Months Ended

Sep. 30, 2013

Basic EPS to diluted EPS

The following is a reconciliation of basic EPS to diluted EPS for the three and nine months ended September 30, 2013 and 2012 respectively:

	Three Months Ended September 30,					Nine Months Ended September 30,
($ in thousands, except EPS)	2013		2012			2013		2012
Net income/(loss)	$	2,713	$	(882	)	$	4,450	$	(6,030	)
Less: Earnings allocated to participating securities (1)	$	2,713	$	—		$	4,450	$	—
Net income/(loss) available to common shareholders after required adjustments for the calculation of basic and diluted earnings per common share	$	—	$	(882	)	$	—	$	(6,030	)
Basic weighted average common shares outstanding		13,328,103		10,300,351			12,614,487		9,739,922
Weighted average effect of dilutive securities:
Preferred Stock		60,026,463		—			59,941,389		—
Stock Options		6,482,703		—			6,792,704		—
Warrants		509,163		—			811,956		—
Diluted weighted average common shares outstanding		80,346,432		10,300,351			80,160,536		9,739,922
Earnings per common share
Basic	$	—	$	(0.09	)	$	—	$	(0.62	)
Diluted	$	—	$	(0.09	)	$	—	$	(0.62	)

(1) In a period with net income, both earnings and dividends (if any) are allocated to participating securities. In a period with a net loss, only dividends (if any) are allocated to participating securities.

Equity Shares Excluded from Dilutive EPS Calculation

The following table summarizes the equity shares excluded from the dilutive EPS calculation as they were deemed to be antidilutive for the three and nine months ended September 30, 2013 and 2012 respectively:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Excluded Securities:
Stock Options		1,148,679		8,566,158		600,451		8,353,549
Convertible Preferred Stock		—		58,905,918		—		58,905,918
Warrants		—		1,519,717		—		1,519,717
Total		1,148,679		68,991,793		600,451		68,779,184