| Earnings per Share and Equity Transactions |
Earnings per Share and Equity Transactions Basic earnings per share ("EPS") are computed using the two-class method by dividing net income by the weighted average number of common shares outstanding for the period (the "common shares"). Diluted EPS is computed using the treasury method if more dilutive, by dividing net income by the common shares plus potential common shares issuable upon exercising options or other contracts. The following table reconciles the amounts used in calculating basic and diluted income per share (in thousands, except weighted average share and per share amounts): | | | | | | | | | | | | | | | | | | Three months ended | | Nine months ended | | September 30, | | September 30, | | 2016 | | 2015 | | 2016 | | 2015 | Net income (loss) from continuing operations | $ | 28,224 |
| | $ | (100,659 | ) | | $ | 62,853 |
| | $ | (48,880 | ) | Less: Dividends declared on common stock | (14,550 | ) | | (28,010 | ) | | (70,592 | ) | | (110,601 | ) | Less: Dividends declared on unvested restricted stock units | (76 | ) | | — |
| | (164 | ) | | — |
| Less: Undistributed income allocated to unvested shares | (49 | ) | | (65 | ) | | — |
| | (65 | ) | Undistributed income (loss) | $ | 13,549 |
| | $ | (128,734 | ) | | $ | (7,903 | ) | | $ | (159,546 | ) | Add: Dividends on common stock | 14,550 |
| | 28,010 |
| | 70,592 |
|
| 110,601 |
| Distributed and undistributed income (loss) from continuing operations, basic and diluted | $ | 28,099 |
| | $ | (100,724 | ) | | $ | 62,689 |
|
| $ | (48,945 | ) | Income from discontinued operations allocated to common stockholders | $ | 9,095 |
| | $ | 5,012 |
| | $ | 163,574 |
| | $ | 21,123 |
| | | | | | | | | Weighted average shares outstanding, basic and diluted | 862,212,317 |
| | 861,824,777 |
| | 862,207,903 |
| | 861,824,777 |
| | | | | | | | | Income (loss) from continuing operations allocated to common shareholders per share | $ | 0.03 |
| | $ | (0.12 | ) | | $ | 0.07 |
| | $ | (0.06 | ) | Income from discontinued operations allocated to common shareholders per share | $ | 0.01 |
| | $ | 0.01 |
| | $ | 0.19 |
| | $ | 0.02 |
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