EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2017

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, 2017 and 2016:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2017			2016			2017			2016
Income (loss) from continuing operations	$	(116,884	)	$	(6,471	)	$	(138,423	)	$	(18,459	)
(Income) loss allocated to preferred shares		(8,817	)		(8,615	)		(17,343	)		(17,135	)
(Income) loss allocated to noncontrolling interests		(56	)		971			(76	)		2,116
Income (loss) from continuing operations allocable to common shares		(125,757	)		(14,115	)		(155,842	)		(33,478	)
Total Income (loss) from discontinued operations		—			32,876			—			34,361
(Income) loss from discontinued operations allocated to noncontrolling interests		—			(26,341	)		—			(26,307	)
Income (loss) from discontinued operations allocable to common shares		—			6,535			—			8,054
Net income (loss) allocable to common shares	$	(125,757	)	$	(7,580	)	$	(155,842	)	$	(25,424	)
Weighted-average shares outstanding—Basic		91,453,415			91,190,583			91,377,508			91,104,314
Dilutive securities		—			—			—			—
Weighted-average shares outstanding—Diluted		91,453,415			91,190,583			91,377,508			91,104,314
Earnings (loss) per share—Basic:
Continuing operations	$	(1.38	)	$	(0.15	)	$	(1.71	)	$	(0.37	)
Discontinued operations		-			0.07			-			0.09
Earnings (loss) per share—Basic	$	(1.38	)	$	(0.08	)	$	(1.71	)	$	(0.28	)
Earnings (loss) per share—Diluted:
Continuing operations	$	(1.38	)	$	(0.15	)	$	(1.71	)	$	(0.37	)
Discontinued operations		-			0.07			-			0.09
Earnings (loss) per share—Diluted	$	(1.38	)	$	(0.08	)	$	(1.71	)	$	(0.28	)

For the three and six months ended June 30, 2017, securities convertible into 27,290,962 and 27,349,674 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, 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.