Earnings per Share

3 Months Ended

Mar. 31, 2017

Earnings per share

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 March 31,
	2017			2016
Net income from continuing operations	$	2,243		$	16,038
Net (loss) income from discontinued operations	(147		)	9,370
Net income	$	2,096		$	25,408

Weighted average shares outstanding, basic and diluted	773,316,262			862,205,672

Income from continuing operations allocated to common shareholders per share	$	0.00		$	0.02
Income from discontinued operations allocated to common shareholders per share	$	0.00		$	0.01
Net income per common share, basic and diluted	$	0.00		$	0.03