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Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

NOTE 10: Earnings (Loss) Per Share

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the years ended December 31, 2016, 2015 and 2014:

 

 

 

For the Years Ended December 31

 

 

 

2016

 

 

2015

 

 

2014

 

Net Income (loss)

 

$

(9,555

)

 

$

30,156

 

 

$

2,944

 

(Income) loss allocated to preferred shares

 

 

-

 

 

 

-

 

 

 

-

 

(Income) loss allocated to non-controlling interests

 

 

(246

)

 

 

(1,914

)

 

 

(4

)

Net Income (loss) allocable to common shares

 

 

(9,801

)

 

 

28,242

 

 

 

2,940

 

Weighted-average shares outstanding—Basic

 

 

52,182,427

 

 

 

36,153,673

 

 

 

21,315,928

 

Dilutive securities

 

 

-

 

 

 

6,601

 

 

 

216,743

 

Weighted-average shares outstanding—Diluted

 

 

52,182,427

 

 

 

36,160,274

 

 

 

21,532,671

 

Earnings (loss) per share—Basic

 

$

(0.19

)

 

$

0.78

 

 

$

0.14

 

Earnings (loss) per share—Diluted

 

$

(0.19

)

 

$

0.78

 

 

$

0.14

 

 

Certain IROP units, stock appreciation rights, or SARs, and unvested shares totaling 3,175,720, 3,156,184, and 1,282,450 for the years ended December 31, 2016, 2015 and 2014, respectively, were excluded from the earnings (loss) per share computation because their effect would have been anti-dilutive.