Loss Per Common Share
 6 Months Ended
Jun. 30, 2017
LOSS PER COMMON SHARE [Abstract]  
LOSS PER COMMON SHARE
NOTE 12: LOSS PER COMMON SHARE
Loss per share is calculated by dividing net loss attributable to Navios Holdings common stockholders by the weighted average number of shares of Navios Holdings outstanding during the period. Net (loss)/income attributable to Navios Holdings common stockholders is calculated by adding to (if a discount) or deducting from (if a premium) net (loss)/ income attributable to Navios Holdings common stockholders the difference between the fair value of the consideration paid upon redemption and the carrying value of the preferred stock, including the unamortized issuance costs of the preferred stock, and the amount of any undeclared dividend cancelled.
For the three month period ended June 30, 2017, 5,136,726 potential common shares and 5,625,370 potential shares of convertible preferred stock have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) and are therefore excluded from the calculation of diluted net loss per share.
For the three month period ended June 30, 2016, 3,533,542 potential common shares and 5,935,000 potential shares of convertible preferred stock have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) and are therefore excluded from the calculation of diluted net loss per share.
For the six month period ended June 30, 2017, 5,163,035 potential common shares and 5,625,370 potential shares of convertible preferred stock have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) and are therefore excluded from the calculation of diluted net loss per share.
For the six month period ended June 30, 2016, 3,626,729 potential common shares and 5,935,000 potential shares of convertible preferred stock have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) and are therefore excluded from the calculation of diluted net loss per share.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Month
 
 
Three Month
 
 
Six Month
 
 
Six Month
 
 
 
Period Ended
 
 
Period Ended
 
 
Period Ended
 
 
Period Ended
 
 
 
June 30, 2017
 
 
June 30, 2016
 
 
June 30, 2017
 
 
June 30, 2016
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to Navios Holdings common stockholders
 
$
(37,258
 ) 
 
$
(26,416
 ) 
 
$
(85,977)   
 
 
$
(33,881
 ) 
Less:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Declared and undeclared dividend on preferred stock and on unvested restricted shares
 
 
           (2,660)
 
 
 
(3,971
 ) 
 
 
           (5,304)
 
 
 
(7,941
 ) 
Plus:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tender Offer - Redemption of preferred stock Series G and Series H including $270 of undeclared preferred dividend cancelled
 
 
        504
 
 
 
— 
 
 
 
        504
 
 
 
— 
 
Loss available to Navios Holdings common stockholders, basic and diluted
 
$
         (39,414)
 
 
$
(30,387
 ) 
 
$
         (90,777)
 
 
$
(41,822
 ) 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic and diluted net loss per share attributable to Navios Holdings common stockholders — weighted average shares
 
 
116,051,809
  
 
 
106,009,049
  
 
 
115,612,780
  
 
 
106,022,826
 
Basic and diluted net losses per share attributable to Navios Holdings common stockholders
 
$
              (0.34)
 
 
$
(0.29
 ) 
 
$
(0.79
 ) 
 
$
(0.39
 )