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Net Loss Per Share
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Net Loss Per Share
NET LOSS PER SHARE
Basic net loss per common share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted loss per share is computed using the weighted-average number of common shares and common stock equivalents outstanding. As a result of the Company’s net losses for the three and nine months ended September 30, 2015, all common stock equivalents aggregating 387,635 and 418,489, respectively, were excluded from the calculation of dilutive loss per share given their anti-dilutive effect. Common stock equivalents totaling 624,371 and 619,421 for the three and nine months ended September 30, 2014 were excluded from the calculation of diluted earnings per share because of a decline in the average market price of common stock compared to the price on the grant date.
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
 
Numerator for basic earnings per share:
 
 
 
 
 
 
 
 
Net loss
 
$
(6,257
)
 
$
(6,757
)
 
$
(7,311
)
 
$
(6,699
)
Denominator (shares in thousands):
 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
 
Weighted average shares
 
24,577

 
23,740

 
24,499

 
23,243

Less: restricted stock issued
 
(67
)
 
(144
)
 
(105
)
 
(144
)
Denominator for basic earnings per share:
 
24,510

 
23,596

 
24,394

 
23,099

Effect of dilutive shares:
 
 
 
 
 
 
 
 
Stock options
 

 

 

 

Restricted stock awards
 

 

 

 

Dilutive potential common shares
 

 

 

 

Denominator for diluted earnings per share:
 
 
 
 
 
 
 
 
Adjusted weighted average shares
 
24,510

 
23,596

 
24,394

 
23,099

Basic and Diluted loss per share attributable to Carmike stockholders
 
$
(0.26
)
 
$
(0.29
)
 
$
(0.30
)
 
$
(0.29
)