Income (loss) per Common Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Income (loss) per Common Share

3.  Income (loss) per Common Share

The following table sets forth the computation of basic and diluted net income (loss) per common share:

	2019			2018			2017
	(Dollars In Thousands, Except Per Share Amounts)
Numerator:
Net loss	$	(63,417	)	$	(72,226	)	$	(29,217	)
Adjustments for basic net loss per common share:
Dividend requirements on Series E Redeemable Preferred		(30,729	)		(26,840	)		(23,443	)
Dividend requirements on Series B Preferred		(240	)		(240	)		(240	)
Dividend requirements on Series D Preferred		(60	)		(60	)		(60	)
Accretion of Series E Redeemable Preferred		(1,995	)		(3,375	)		(6,487	)
Numerator for basic and dilutive net loss per common    share - net loss attributable to common stockholders	$	(96,441	)	$	(102,741	)	$	(59,447	)
Denominator:
Denominator for basic and dilutive net loss per common    share - adjusted weighted-average shares (1)		28,039,625			27,490,717			27,250,876
Basic and dilutive net income (loss) per common share:
Loss from continuing operations	$	(3.44	)	$	(3.74	)	$	(2.22	)
Income from discontinued operations, net of taxes		—			—			0.04
Net loss	$	(3.44	)	$	(3.74	)	$	(2.18	)

(1) All periods exclude the weighted-average shares of unvested restricted stock that are contingently issuable.

The following weighted-average shares of securities were not included in the computation of diluted net income (loss) per common share as their effect would have been antidilutive:

	2019		2018		2017
Convertible preferred stocks		916,666		916,666		916,666
Restricted stock and stock units		832,103		1,183,622		1,187,525
Series E redeemable preferred stock - embedded derivative		303,646		303,646		303,646
Stock options		124,000		175,454		215,067
		2,176,415		2,579,388		2,622,904