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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Summary of Reconciliation of Earnings (Loss) Per Common Share

The following table reconciles earnings (loss) per common share for the three and nine months ended September 30, 2017 and 2016:

 

 

 

Three

 

 

Three

 

 

Nine

 

 

Nine

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(4,240

)

 

$

(5,198

)

 

$

(17,401

)

 

$

(15,916

)

Distributed earnings to common shares

 

 

 

 

 

 

 

 

 

 

 

 

Distributed earnings to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

Total distributed earnings

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed loss allocable to common shares

 

 

(4,240

)

 

 

(5,198

)

 

 

(17,401

)

 

 

(15,916

)

Undistributed earnings allocable to participating

   securities

 

 

 

 

 

 

 

 

 

 

 

 

Total undistributed loss

 

 

(4,240

)

 

 

(5,198

)

 

 

(17,401

)

 

 

(15,916

)

Loss to common shares—basic

 

$

(4,240

)

 

$

(5,198

)

 

$

(17,401

)

 

$

(15,916

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding—

   basic

 

 

10,797

 

 

 

9,506

 

 

 

10,410

 

 

 

8,878

 

Basic earnings (loss) per common share

 

 

(0.39

)

 

$

(0.55

)

 

 

(1.67

)

 

$

(1.79

)

 

 

 

Three

 

 

Three

 

 

Nine

 

 

Nine

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss to common shares—basic

 

$

(4,240

)

 

$

(5,198

)

 

$

(17,401

)

 

$

(15,916

)

Undistributed earnings allocated to participating

   securities

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed earnings reallocated to participating

   securities

 

 

 

 

 

 

 

 

 

 

 

 

Loss to common shares—diluted

 

$

(4,240

)

 

$

(5,198

)

 

$

(17,401

)

 

$

(15,916

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding—

   basic

 

 

10,797

 

 

 

9,506

 

 

 

10,410

 

 

 

8,878

 

Dilutive effect of stock options

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding—

   dilutive

 

 

10,797

 

 

 

9,506

 

 

 

10,410

 

 

 

8,878

 

Diluted earnings (loss) per common share

 

 

(0.39

)

 

$

(0.55

)

 

 

(1.67

)

 

$

(1.79

)