| Earnings (Loss) Per Common Share [Text Block] |
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):
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Year Ended December 31, 2016 |
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Class A |
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Class B |
Basic net loss per share: |
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Numerator: |
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Undistributed loss allocable to common stockholders |
(3,343 |
) |
|
(324 |
) |
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Denominator: |
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Weighted average common shares outstanding |
32,526 |
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3,154 |
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Basic net loss attributable to GCI common stockholders per common share |
$ |
(0.10 |
) |
|
(0.10 |
) |
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Diluted net loss per share: |
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Numerator: |
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Undistributed loss allocable to common stockholders for basic computation |
$ |
(3,343 |
) |
|
(324 |
) |
Reallocation of undistributed loss as a result of conversion of Class B to Class A shares |
(324 |
) |
|
— |
|
Reallocation of undistributed loss as a result of conversion of dilutive securities |
— |
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|
(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 earnings and effect of contracts that may be settled in cash or shares |
$ |
(5,509 |
) |
|
(478 |
) |
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Denominator: |
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Number of shares used in basic computation |
32,526 |
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|
3,154 |
|
Conversion of Class B to Class A common shares outstanding |
3,154 |
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|
— |
|
Effect of derivative instrument that may settled in cash or shares |
612 |
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|
— |
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Effect of share based compensation that may be settled in cash or shares |
26 |
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|
— |
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Number of shares used in per share computation |
36,318 |
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3,154 |
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Diluted net loss attributable to GCI common stockholders per common share |
$ |
(0.15 |
) |
|
(0.15 |
) |
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Years Ended December 31, |
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2015 |
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2014 |
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Class A |
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Class B |
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Class A |
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Class B |
Basic net income (loss) per share: |
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Numerator: |
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Net income (loss) available to common stockholders |
$ |
(23,858 |
) |
|
(2,167 |
) |
|
6,980 |
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|
577 |
|
Less: Undistributed income allocable to participating securities |
— |
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— |
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|
(385 |
) |
|
— |
|
Undistributed income (loss) allocable to common stockholders |
$ |
(23,858 |
) |
|
(2,167 |
) |
|
6,595 |
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|
577 |
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Denominator: |
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Weighted average common shares outstanding |
34,764 |
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|
3,157 |
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36,112 |
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|
3,162 |
|
Basic net income (loss) attributable to GCI common stockholders per common share |
$ |
(0.69 |
) |
|
(0.69 |
) |
|
0.18 |
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|
0.18 |
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Diluted net income (loss) per share: |
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Numerator: |
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Undistributed income (loss) allocable to common stockholders for basic computation |
$ |
(23,858 |
) |
|
(2,167 |
) |
|
6,595 |
|
|
577 |
|
Reallocation of undistributed earnings (loss) as a result of conversion of Class B to Class A shares |
(2,167 |
) |
|
— |
|
|
577 |
|
|
— |
|
Reallocation of undistributed earnings (loss) as a result of conversion of dilutive securities |
— |
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|
— |
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|
1 |
|
|
(2 |
) |
Net income (loss) adjusted for allocation of undistributed earnings (loss) and effect of contracts that may be settled in cash or shares |
$ |
(26,025 |
) |
|
(2,167 |
) |
|
7,173 |
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|
575 |
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Denominator: |
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Number of shares used in basic computation |
34,764 |
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3,157 |
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36,112 |
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|
3,162 |
|
Conversion of Class B to Class A common shares outstanding |
3,157 |
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— |
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|
3,162 |
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|
— |
|
Unexercised stock options |
— |
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— |
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|
112 |
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|
— |
|
Number of shares used in per share computation |
37,921 |
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3,157 |
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|
39,386 |
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|
3,162 |
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Diluted net income (loss) attributable to GCI common stockholders per common share |
$ |
(0.69 |
) |
|
(0.69 |
) |
|
0.18 |
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|
0.18 |
|
Weighted average shares associated with outstanding securities for the years ended December 31, 2016, 2015 and 2014 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):
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Years Ended December 31, |
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2016 |
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2015 |
|
2014 |
Derivative instrument that may be settled in cash or shares |
— |
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|
724 |
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— |
|
Shares associated with unexercised stock options |
3 |
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|
108 |
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|
29 |
|
Share-based compensation that may be settled in cash or shares |
— |
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|
26 |
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|
26 |
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Total excluded |
3 |
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|
858 |
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|
55 |
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