EARNINGS PER SHARE

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)	2018			2017		2016

Net (loss) income attributable to Altisource	$	(5,382	)	$	308,891	$	28,693

Weighted average common shares outstanding, basic	17,073			18,183		18,696
Dilutive effect of stock options, restricted shares and restricted share units	—			509		916

Weighted average common shares outstanding, diluted	17,073			18,692		19,612

(Loss) earnings per share:
Basic	$	(0.32	)	$	16.99	$	1.53
Diluted	$	(0.32	)	$	16.53	$	1.46

For the years ended December 31, 2018, 2017 and 2016, 0.3 million options, 0.5 million options and 0.4 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 0.5 million options and restricted shares, 0.4 million options and 0.4 million options for the years ended December 31, 2018, 2017 and 2016, respectively, which 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. Furthermore, as a result of the net loss attributable to Altisource for the year ended December 31, 2018, 0.5 million options, restricted shares and restricted share units were excluded from the computation of diluted EPS, as their impact was anti-dilutive.