Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Attributable To Common Stockholders

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Net Loss Per Share Attributable To Common Stockholders
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable To Common Stockholders

NOTE 12 — NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table summarizes the computation of basic and diluted loss per share (in thousands, except per-share amounts):

 

                                                             
     Three Months Ended March 31,  
     2017      2016  

Net loss attributable to common stockholders

   $ (141,349    $ (7,193
  

 

 

    

 

 

 

Basic weighted average common shares outstanding

     154,213        44,393  
  

 

 

    

 

 

 

Loss per share:

     

Basic and diluted

   $ (0.92    $ (0.16
  

 

 

    

 

 

 

Basic loss per share is based upon the weighted average number of shares of common stock outstanding during the period. Diluted loss per share would include the effect of unvested restricted stock awards and the Series B Preferred Stock; however, such items were not considered in the calculation of the diluted weighted average common shares outstanding since they would be anti-dilutive. Potentially dilutive securities excluded from the calculation of diluted shares outstanding for each of the periods are shown below (in thousands):

 

                       
     Three Months Ended
March 31,
 
         2017              2016      

Unvested restricted shares

     16,434        —    

Common shares issuable upon conversion of Series B Preferred Stock

     5,468        —    
  

 

 

    

 

 

 

Total

     21,902        —