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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2018 and 2017:

 

 

 

Three

 

 

Three

 

 

Nine

 

 

Nine

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Basic Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(8,342

)

 

$

(4,240

)

 

$

(24,492

)

 

$

(17,401

)

Distributed earnings to common shares

 

 

 

 

 

 

 

 

 

 

 

 

Distributed earnings to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

Total distributed earnings

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed loss allocable to common shares

 

 

(8,342

)

 

 

(4,240

)

 

 

(24,492

)

 

 

(17,401

)

Undistributed earnings allocable to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

Total undistributed loss

 

 

(8,342

)

 

 

(4,240

)

 

 

(24,492

)

 

 

(17,401

)

Loss to common shares — basic

 

$

(8,342

)

 

$

(4,240

)

 

$

(24,492

)

 

$

(17,401

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — basic

 

 

11,394

 

 

 

10,797

 

 

 

11,333

 

 

 

10,410

 

Basic earnings (loss) per common share

 

$

(0.73

)

 

$

(0.39

)

 

$

(2.16

)

 

$

(1.67

)

 

 

 

Three

 

 

Three

 

 

Nine

 

 

Nine

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Diluted Earnings (Loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss to common shares — basic

 

$

(8,342

)

 

$

(4,240

)

 

$

(24,492

)

 

$

(17,401

)

Undistributed earnings allocated to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed earnings reallocated to participating securities

 

 

 

 

 

 

 

 

 

 

 

 

Loss to common shares — diluted

 

$

(8,342

)

 

$

(4,240

)

 

$

(24,492

)

 

$

(17,401

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — basic

 

 

11,394

 

 

 

10,797

 

 

 

11,333

 

 

 

10,410

 

Dilutive effect of stock options

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — diluted

 

 

11,394

 

 

 

10,797

 

 

 

11,333

 

 

 

10,410

 

Diluted earnings (loss) per common share

 

$

(0.73

)

 

$

(0.39

)

 

$

(2.16

)

 

$

(1.67

)