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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic earnings per share (“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:
 
 
Three months ended
 June 30,
 
Six months ended
 June 30,
(in thousands, except per share data)
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Net (loss) income attributable to Altisource
 
$
(5,844
)
 
$
1,568

 
$
(9,028
)
 
$
(2,564
)
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding, basic
 
16,214

 
17,142

 
16,253

 
17,260

Dilutive effect of stock options, restricted shares and
restricted share units
 
—

 
411

 
—

 
—

 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding, diluted
 
16,214

 
17,553

 
16,253

 
17,260

 
 
 
 
 
 
 
 
 
(Loss) earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
(0.36
)
 
$
0.09

 
$
(0.56
)
 
$
(0.15
)
Diluted
 
$
(0.36
)
 
$
0.09

 
$
(0.56
)
 
$
(0.15
)

For the six months ended June 30, 2019 and 2018, 1.5 million and 1.3 million, respectively (1.5 million and 0.8 million for the second quarter of 2019 and 2018, respectively), stock options, restricted shares and restricted share units were excluded from the computation of EPS, as a result of the following:
•
For the six months ended June 30, 2019 and 2018, 0.4 million and 0.3 million, respectively (0.5 million and 0.3 million for the second quarter of 2019 and 2018, respectively), stock options were anti-dilutive and have been excluded from the computation of diluted EPS because their exercise price was greater than the average market price of our common stock
•
For the six months ended June 30, 2019 and 2018, 0.8 million and 0.5 million, respectively (0.8 million and 0.5 million for the second quarter of 2019 and 2018, respectively), stock options, restricted shares and restricted share units, 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, and have been excluded from the computation of diluted EPS
•
As a result of the net loss attributable to Altisource for the six months ended June 30, 2019 and 2018, 0.3 million and 0.5 million, respectively (0.3 million for the second quarter of 2019), stock options, restricted shares and restricted share units were excluded from the computation of diluted EPS, as their impacts were anti-dilutive