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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The computations of basic and diluted earnings per share for the six and three months ended June 30, 2015 and 2014 (dollars in thousands, except share and per share amounts) are as follows:
 
For the Six Months Ended
June 30,
 
For the Three Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net (loss) income from continuing operations
$
(13,620
)
 
$
(658
)
 
$
(6,649
)
 
$
1,718

Net (loss) income from discontinued operations
(18
)
 
41,665

 
(18
)
 
38,526

Net (loss) income
(13,638
)
 
41,007

 
(6,667
)
 
40,244

Less net loss attributable to noncontrolling interests

 

 

 
(33
)
Net (loss) income available to common shareholders
$
(13,638
)
 
$
41,007

 
$
(6,667
)
 
$
40,277

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
91,061,455

 
90,866,933

 
91,097,761

 
90,866,933

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – dilutive:
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
91,061,455

 
90,866,933

 
91,097,761

 
90,866,933

Stock options

 

 

 

Nonvested shares

 

 

 
73,910

Weighted average common shares outstanding – dilutive
91,061,455

 
90,866,933

 
91,097,761

 
90,940,843

 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
Net (loss) income from continuing operations
$
(0.15
)
 
$
(0.01
)
 
$
(0.07
)
 
$
0.02

Net (loss) income from discontinued operations

 
0.46

 

 
0.42

Net (loss) income
(0.15
)
 
0.45

 
(0.07
)
 
0.44

Less net loss attributable to noncontrolling interests

 

 

 

Net (loss) income available to common shareholders
$
(0.15
)
 
$
0.45

 
$
(0.07
)
 
$
0.44

 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
Net (loss) income from continuing operations
$
(0.15
)
 
$
(0.01
)
 
$
(0.07
)
 
$
0.02

Net (loss) income from discontinued operations

 
0.46

 

 
0.42

Net (loss) income
(0.15
)
 
0.45

 
(0.07
)
 
0.44

Less net loss attributable to noncontrolling interests

 

 

 

Net (loss) income available to common shareholders
$
(0.15
)
 
$
0.45

 
$
(0.07
)
 
$
0.44

 
 
 
 
 
 
 
 


Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following weighted-average options to purchase shares of common stock were outstanding during each period presented, but were not included in the computation of diluted earnings per share because the calculated number of shares assumed to be repurchased was greater than the number of shares to be obtained upon exercise, therefore, the effect would be antidilutive (in thousands, except exercise prices):
 
For the Six Months Ended
June 30,
 
For the Three Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
Number of stock options
10,148

 
8,675

 
10,350

 
8,856

Weighted average exercise price of stock options
$
0.63

 
$
0.68

 
$
0.62

 
$
0.68