The following information is taken from the current year financial statements of Esper Corporation. (Dollar figures and shares of stock are in thousands.) The first three items are net of applicable income tax. The loss from continuing operations does not include the loss from lawsuit.

Loss from lawsuit (considered unusual and infrequent) $ (8,490)

Loss from continuing operations $ (16,026)

Income from discontinued operations $ 6,215

Preferred stock dividend requirements $ 2,778

Weighted-average number of shares of common stock outstanding 39,739

Instructions

Rearrange the items to present in good form the last portion of the income statement for Esper Corporation, beginning with Loss from continuing operations.

Calculate the amount of net loss per share for the period. (Do not calculate per-share amounts for subtotals, such as income from continuing operations. You are required to compute only a single earnings per share amount.)