EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 11: EARNINGS (LOSS) PER SHARE

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2016 and 2015:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2016			2015			2016			2015
Net income (loss)	$	26,405		$	26,441		$	15,902		$	26,707
(Income) loss allocated to preferred shares		(8,615	)		(8,221	)		(17,135	)		(16,080	)
(Income) loss allocated to noncontrolling interests		(25,370	)		736			(24,191	)		1,232
Net income (loss) allocable to common shares		(7,580	)		18,956			(25,424	)		11,859
Plus: Impact of assumed conversions		—			617			—			—
Net income (loss) allocable to common shares plus assumed conversions	$	(7,580	)	$	19,573		$	(25,424	)	$	11,859
Weighted-average shares outstanding—Basic		91,190,583			82,150,475			91,104,314			82,115,941
Dilutive securities		—			7,117,987			—			2,018,099
Weighted-average shares outstanding—Diluted		91,190,583			89,268,462			91,104,314			84,134,040
Earnings (loss) per share—Basic:
Earnings (loss) per share—Basic	$	(0.08	)	$	0.23		$	(0.28	)	$	0.14
Earnings (loss) per share—Diluted:
Earnings (loss) per share—Diluted	$	(0.08	)	$	0.22		$	(0.28	)	$	0.14

For the three and six months ended June 30, 2016, securities convertible into 27,107,825 and 26,876,003 common shares, respectively, were excluded from the earnings (loss) per share computations because their effect would have been anti-dilutive. For the three and six months ended June 30, 2015, securities convertible into 15,124,221 and 20,599,422 common shares, respectively, were excluded from the earnings (loss) per share computations because their effect would have been anti-dilutive.