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Earnings (Net Loss) Per Share and Net Loss Attributable to Common Stockholders (Tables)
12 Months Ended
Dec. 31, 2013
Basic and Diluted Net Loss per Share

The following table details the computation of the basic and diluted net loss per share (in thousands, except shares and per share data):

 

     Year Ended     Nine Months Ended     Year Ended  
     December 31,     December 31,     March 31,  
($ in thousands, except EPS)    2013     2012     2012  

Net income (loss)

   $ 7,308      $ (4,238   $ (11,944

Less: Earnings allocated to participating securities (1)

   $ (7,117   $ —          —     

Net income (loss) available to common shareholders after required adjustments for the calculation of basic and diluted earnings per common share

   $ 191      $ (4,238   $ (11,944
  

 

 

   

 

 

   

 

 

 

Basic weighted average common shares outstanding

     12,889,284        10,339,919        8,781,407   

Weighted average effect of dilutive securities:

      

Stock Options

     7,135,601        —          —     

Warrants

     331,859        —          —     
  

 

 

   

 

 

   

 

 

 

Diluted weighted average common shares outstanding

     20,356,744        10,339,919        8,781,407   

Earnings per common share

      

Basic

   $ 0.01      $ (0.41   $ (1.36

Diluted

   $ 0.01      $ (0.41   $ (1.36

 

(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.