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 |
| | | | | | | | |
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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 |
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