Earnings Per Share Attributable to Stockholders

3 Months Ended

Mar. 31, 2017

Earnings Per Share Attributable to Stockholders [Abstract]

Earnings Per Share Attributable to Stockholders

9.  Earnings per share attributable to stockholders

Basic earnings per share (“EPS”) attributable to stockholders was calculated by dividing the net income attributable to stockholders by the weighted average (“WA”) number of common shares outstanding. Diluted EPS attributable to stockholders was calculated by dividing the net income attributable to stockholders after giving effect to outstanding dilutive stock options and PSUs by the WA number of shares outstanding adjusted for all dilutive securities.

		Net income	WA
		attributable to	number		Per share
Three months ended March 31, 2017		stockholders	of shares		amount
Basic	$	10,377	106,851,595	$	0.10
Effect of dilutive securities:
PSUs		27	263,557		-
Stock options		-	673,797		-
Diluted	$	10,404	107,788,949	$	0.10

		Net income	WA
		attributable to	number		Per share
Three months ended March 31, 2016		stockholders	of shares		amount
Basic	$	29,406	106,917,280	$	0.28
Effect of dilutive securities:
Stock options		-	241,730		(0.01)
Diluted	$	29,406	107,159,010	$	0.27

In respect of PSUs awarded under the senior executive and employee PSU plans (described in note 20), performance and market conditions, depending on their outcome at the end of the contingency period, can reduce the number of vested awards to nil or to a maximum of 200% of the number of outstanding PSUs. For the three months ended March 31, 2017, PSUs to purchase nil common shares were outstanding but excluded from the calculation of diluted EPS attributable to stockholders as they were anti-dilutive (2016: nil). For the three months ended March 31, 2017, stock options to purchase nil common shares were outstanding but excluded from the calculation of diluted EPS attributable to stockholders as they were anti-dilutive (2016:  2,980,470).