Reconciliation of the numerators and denominators of the basic and diluted earnings per share computations |
The table below is a reconciliation of the numerators and denominators of the basic and diluted EPS computations for the years ended December 31, 2016, 2015, and 2014 (in thousands, except per share amounts): | | | | | | | | | | | | | | Year Ended December 31, | | 2016 | | 2015 | | 2014 | (Loss) income from continuing operations | $ | (49,889 | ) | | $ | 146,157 |
| | $ | 99,142 |
| Gain on sales of real estate – land parcels | 90 |
| | — |
| | 6,403 |
| Net income attributable to noncontrolling interests | (16,102 | ) | | (1,897 | ) | | (5,204 | ) | Dividends on preferred stock | (20,223 | ) | | (24,986 | ) | | (25,698 | ) | Preferred stock redemption charge | (61,267 | ) | | — |
| | (1,989 | ) | Net income attributable to unvested restricted stock awards | (3,750 | ) | | (2,364 | ) | | (1,774 | ) | Numerator for basic and diluted EPS – net (loss) income from continuing operations attributable to Alexandria Real Estate Equities, Inc.’s common stockholders | (151,141 | ) | | 116,910 |
| | 70,880 |
| (Loss) income from discontinued operations | — |
| | (43 | ) | | 1,233 |
| Numerator for basic and diluted EPS – net (loss) income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders | $ | (151,141 | ) | | $ | 116,867 |
| | $ | 72,113 |
| | | | | | | Denominator for basic and diluted EPS – weighted-average shares of common stock outstanding | 76,103 |
| | 71,529 |
| | 71,170 |
| | | | | | | Net (loss) income per share attributable to Alexandria Real Estate Equities, Inc.’s common stockholders – basic and diluted: | | | | | | Continuing operations | $ | (1.99 | ) | | $ | 1.63 |
| | $ | 0.99 |
| Discontinued operations | — |
| | — |
| | 0.02 |
| Net (loss) income per share | $ | (1.99 | ) | | $ | 1.63 |
| | $ | 1.01 |
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