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Earnings Per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
(24) Earnings Per Share

The Company calculates basic net income per common share based on the Company’s common stock outstanding as well as its unvested restricted share units. The unvested restricted share units are included because they are eligible to receive dividends. Diluted net income for the period takes into account the effect of dilutive instruments, such as any options on common shares, but uses the average share price for the period in determining the number of incremental shares that are to be added to the weighted average number of common shares outstanding. Diluted net income also includes the minimal dilutive impact of the 3,609,420 Operating Company warrants held by TFP as part of the Contribution Transactions as summarized in Note 1—Organization of the Company’s Form 10-K for the fiscal year ended December 31, 2014. Earnings per share data excludes Tiptree’s Class B common stock, as the Class B common stock evidences a voting right without any economic interest.
The following table presents a reconciliation of basic and diluted net income per common share for the following periods:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Net (loss) income from continuing operations
$
(6,388
)
 
$
6,236

 
$
(11,961
)
 
$
10,384

Less:
 
 
 
 
 
 
 
Net income from continuing operations attributable to non-controlling interests (1)
(1,835
)
 
2,851

 
(3,706
)
 
4,150

Net (loss) income from continuing operations available to Class A common shares
(4,553
)
 
3,385

 
(8,255
)
 
6,234

 
 
 
 
 
 
 
 
Discontinued operations, net
—

 
1,807

 
23,348

 
5,283

Less:
 
 
 
 
 
 
 
Net income from discontinued operations attributable to non-controlling interests (1)
—

 
907

 
5,663

 
3,567

Net income from discontinued operations available to Class A common shares
—

 
900

 
17,685

 
1,716

 
 
 
 
 
 
 
 
Net (loss) income available to Class A common shares
$
(4,553
)
 
$
4,285

 
$
9,430

 
$
7,950

 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
(Loss) income from continuing operations
$
(0.13
)
 
$
0.19

 
$
(0.25
)
 
$
0.48

Income from discontinued operations
—

 
0.05

 
0.54

 
0.13

Net income available to Class A common shares
$
(0.13
)
 
$
0.24

 
$
0.29

 
$
0.61

 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
(Loss) income from continuing operations
$
(0.13
)
 
$
0.19

 
$
(0.25
)
 
$
0.48

Income from discontinued operations
—

 
0.05

 
0.54

 
0.13

Net income available to Class A common shares
$
(0.13
)
 
$
0.24

 
$
0.29

 
$
0.61

 
 
 
 
 
 
 
 
Weighted average Class A common shares outstanding:
 
 
 
 
 
 
 
Basic
33,848,463

 
17,449,974

 
32,597,774

 
12,909,949

Diluted
33,848,463

 
17,449,974

 
32,597,774

 
12,909,949

(1) For the three months ended September 30, 2015, the total net income (loss) attributable to non-controlling interest was $(1,835), comprised of $(1,835) due to continuing operations and $0 attributable to discontinued operations. For the three months ended September 30, 2014, the total net income attributable to non-controlling interest was $3,758, comprised of $2,851 due to continuing operations and $907 attributable to discontinued operations.
For the nine months ended September 30, 2015, the total net income (loss) attributable to non-controlling interest was $1,957, comprised of $(3,706) due to continuing operations and $5,663 attributable to discontinued operations. For the nine months ended September 30, 2014, the total net income attributable to non-controlling interest was $7,717, comprised of $4,150 due to continuing operations and $3,567 attributable to discontinued operations.