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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
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)
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
Net income attributable to Altisource
 
$
134,484

 
$
129,973

 
$
110,627

 
 
 
 
 
 
 
Weighted average common shares outstanding, basic
 
21,625

 
23,072

 
23,358

Dilutive effect of stock options
 
2,009

 
1,981

 
1,604

 
 
 
 
 
 
 
Weighted average common shares outstanding, diluted
 
23,634

 
25,053

 
24,962

 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
Basic
 
$
6.22

 
$
5.63

 
$
4.74

 
 
 
 
 
 
 
Diluted
 
$
5.69

 
$
5.19

 
$
4.43


 
For each of the years ended December 31, 2014, 2013 and 2012, less than 0.1 million options that were anti-dilutive have been excluded from the computation of diluted EPS.  These options were anti-dilutive because their exercise price was greater than the average market price of our common stock. Also excluded from the computation of diluted EPS are 0.1 million, 0.1 million and 0.3 million options for the years ended December 31, 2014, 2013 and 2012, respectively, granted for shares that are issuable upon the achievement of certain market and performance criteria related to our common stock price and an annualized rate of return to investors that have not yet been met.