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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2015
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)
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
Net income attributable to Altisource
 
$
41,598

 
$
134,484

 
$
129,973

 
 
 
 
 
 
 
Weighted average common shares outstanding, basic
 
19,504

 
21,625

 
23,072

Dilutive effect of stock options and restricted shares
 
1,115

 
2,009

 
1,981

 
 
 
 
 
 
 
Weighted average common shares outstanding, diluted
 
20,619

 
23,634

 
25,053

 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
Basic
 
$
2.13

 
$
6.22

 
$
5.63

 
 
 
 
 
 
 
Diluted
 
$
2.02

 
$
5.69

 
$
5.19


 
For the years ended December 31, 2015, 2014 and 2013, 0.6 million options, less than 0.1 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 0.3 million options, 0.1 million options and 0.1 million options for the years ended December 31, 2015, 2014 and 2013, 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.