Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) per Common Share

v3.8.0.1
Earnings (Loss) per Common Share
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings (Loss) per Common Share
Earnings (Loss) per Common Share
Earnings per common share (“EPS”) and common shares used to calculate basic and diluted EPS consist of the following (amounts in thousands, except per share amounts):
 
Year Ended December 31, 2017
 
Class A-1
 
Class B-1
Basic net loss per share:
 
 
 
Numerator:
 
 
 
Undistributed loss allocable to common stockholders
(22,074
)
 
(2,172
)
 
 
 
 
Denominator:
 
 
 
Weighted average common shares outstanding
31,344

 
3,083

Basic net loss attributable to GCI common stockholders per common share
$
(0.70
)
 
(0.70
)
 
 
 
 
Diluted net loss per share:
 
 
 
Numerator:
 
 
 
Undistributed loss allocable to common stockholders for basic computation
$
(22,074
)
 
(2,172
)
Reallocation of undistributed loss as a result of conversion of Class B-1 to Class A-1 shares
(2,172
)
 

Net loss adjusted for allocation of undistributed earnings and effect of contracts that may be settled in cash or shares
$
(24,246
)
 
(2,172
)
 
 
 
 
Denominator:
 
 
 
Number of shares used in basic computation
31,344

 
3,083

Conversion of Class B-1 to Class A-1 common shares outstanding
3,083

 

Number of shares used in per share computation
34,427

 
3,083

Diluted net loss attributable to GCI common stockholders per common share
$
(0.70
)
 
(0.70
)
 
Years Ended December 31,
 
2016
 
2015
 
Class A-1
 
Class B-1
 
Class A-1
 
Class B-1
Basic net loss per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Undistributed loss allocable to common stockholders
$
(3,343
)
 
(324
)
 
(23,858
)
 
(2,167
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding
32,526

 
3,154

 
34,764

 
3,157

Basic net loss attributable to GCI common stockholders per common share
$
(0.10
)
 
(0.10
)
 
(0.69
)
 
(0.69
)
 
 
 
 
 
 
 
 
Diluted net loss per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Undistributed loss allocable to common stockholders for basic computation
$
(3,343
)
 
(324
)
 
(23,858
)
 
(2,167
)
Reallocation of undistributed loss as a result of conversion of Class B-1 to Class A-1 shares
(324
)
 

 
(2,167
)
 

Reallocation of undistributed loss as a result of conversion of dilutive securities

 
(154
)
 

 

Effect of derivative instrument that may be settled in cash or shares
(1,837
)
 

 

 

Effect of share based compensation that may be settled in cash or shares
(5
)
 

 

 

Net loss adjusted for allocation of undistributed loss and effect of contracts that may be settled in cash or shares
$
(5,509
)
 
(478
)
 
(26,025
)
 
(2,167
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Number of shares used in basic computation
32,526

 
3,154

 
34,764

 
3,157

Conversion of Class B-1 to Class A-1 common shares outstanding
3,154

 

 
3,157

 

Effect of derivative instrument that may settled in cash or shares
612

 

 

 

Effect of share based compensation that may be settled in cash or shares
26

 

 

 

Number of shares used in per share computation
36,318

 
3,154

 
37,921

 
3,157

Diluted net loss attributable to GCI common stockholders per common share
$
(0.15
)
 
(0.15
)
 
(0.69
)
 
(0.69
)

Weighted average shares associated with outstanding securities for the years ended December 31, 2017, 2016 and 2015 which have been excluded from the computations of diluted EPS, because the effect of including these securities would have been anti-dilutive, consist of the following (shares, in thousands):
 
Years Ended December 31,
 
2017
 
2016
 
2015
Derivative instrument that may be settled in cash or shares
1,870

 

 
724

Shares associated with unexercised stock options
1

 
3

 
108

Share-based compensation that may be settled in cash or shares
26

 

 
26

Total excluded
1,897

 
3

 
858