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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2018
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 months ended March 31, 2018 and 2017:

 

 

 

Three

 

 

Three

 

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2018

 

 

2017

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Net loss

 

$

(8,112

)

 

$

(6,218

)

Distributed earnings to common shares

 

 

 

 

 

 

Distributed earnings to participating securities

 

 

 

 

 

 

Total distributed earnings

 

 

 

 

 

 

Undistributed loss allocable to common shares

 

 

(8,112

)

 

 

(6,218

)

Undistributed earnings allocable to participating securities

 

 

 

 

 

 

Total undistributed loss

 

 

(8,112

)

 

 

(6,218

)

Loss to common shares — basic

 

$

(8,112

)

 

$

(6,218

)

Denominator

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — basic

 

 

11,266

 

 

 

10,161

 

Basic earnings (loss) per common share

 

$

(0.72

)

 

$

(0.61

)

 

 

 

Three

 

 

Three

 

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2018

 

 

2017

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Loss to common shares — basic

 

$

(8,112

)

 

$

(6,218

)

Undistributed earnings allocated to participating securities

 

 

 

 

 

 

Undistributed earnings reallocated to participating securities

 

 

 

 

 

 

Loss to common shares — diluted

 

$

(8,112

)

 

$

(6,218

)

Denominator

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — basic

 

 

11,266

 

 

 

10,161

 

Dilutive effect of stock options

 

 

 

 

 

 

Weighted average common shares outstanding — diluted

 

 

11,266

 

 

 

10,161

 

Diluted earnings (loss) per common share

 

$

(0.72

)

 

$

(0.61

)