EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2016

Basic EPS is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the assumed conversion of all dilutive securities using the treasury stock method.

Basic and diluted EPS are calculated as follows for the years ended December 31:



(in thousands, except per share data)	2016		2015		2014

Net income attributable to Altisource	$	28,693	$	41,598	$	134,484

Weighted average common shares outstanding, basic	18,696		19,504		21,625
Dilutive effect of stock options and restricted shares	916		1,115		2,009

Weighted average common shares outstanding, diluted	19,612		20,619		23,634

Earnings per share:
Basic	$	1.53	$	2.13	$	6.22

Diluted	$	1.46	$	2.02	$	5.69

For the years ended December 31, 2016, 2015 and 2014, 0.4 million options, 0.6 million options and less than 0.1 million options, respectively, that were anti-dilutive have been excluded from the computation of diluted EPS. These options were anti-dilutive and excluded from the computation of diluted EPS because their exercise price was greater than the average market price of our common stock. Also excluded from the computation of diluted EPS are 0.4 million options, 0.3 million options and 0.1 million options for the years ended December 31, 2016, 2015 and 2014, respectively, granted for shares that begin to vest upon the achievement of certain market criteria related to our common stock price, performance criteria and an annualized rate of return to shareholders that have not yet been met.