EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2015

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.