EARNINGS PER SHARE

Basic (loss) earnings per share is computed by dividing net (loss) income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the assumed conversion of all dilutive securities using the treasury stock method. Diluted net loss per share excludes all dilutive securities because their impact would be anti-dilutive, as described below.

Basic and diluted (loss) earnings per share are calculated as follows for the years ended December 31:



(in thousands, except per share data)	2019			2018			2017

Net (loss) income attributable to Altisource	$	(307,969	)	$	(5,382	)	$	308,891

Weighted average common shares outstanding, basic	15,991			17,073			18,183
Dilutive effect of stock options, restricted shares and restricted share units	—			—			509

Weighted average common shares outstanding, diluted	15,991			17,073			18,692

(Loss) earnings per share:
Basic	$	(19.26	)	$	(0.32	)	$	16.99
Diluted	$	(19.26	)	$	(0.32	)	$	16.53

For the years ended December 31, 2019, 2018 and 2017, 1.6 million, 1.2 million and 0.8 million, respectively, stock options, restricted shares and restricted share units were excluded from the computation of diluted (loss) earnings per share, as a result of the following:


•	As a result of the net loss attributable to Altisource for the years ended December 31, 2019 and 2018, 0.3 million and 0.5 million stock options, restricted shares and restricted share units were excluded from the computation of diluted loss per share, as their impacts were anti-dilutive


•	For the years ended December 31, 2019, 2018 and 2017, 0.5 million, 0.3 million and 0.5 million, respectively, stock options were anti-dilutive and have been excluded from the computation of diluted (loss) earnings per share because their exercise price was greater than the average market price of our common stock

•

For the years ended December 31, 2019, 2018 and 2017, 0.8 million, 0.5 million and 0.4 million, 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 have been excluded from the computation of diluted (loss) earnings per share.