EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

Basic earnings per share (“EPS”) is calculated by dividing net income attributable to the Company by the weighted average number of shares of common stock outstanding. Diluted EPS is calculated by dividing net income attributable to the Company by the weighted average number of shares of common stock outstanding, plus potentially dilutive securities. Potentially dilutive securities are calculated using the treasury stock method.

The Company completed an IPO on May 20, 2015 in which its previous beneficial owners, the Fortress Worldwide Transportation and Infrastructure Investors LP and Fortress Worldwide Transportation and Infrastructure Offshore LP, immediately prior to the consummation of the IPO, received shares in proportion to their respective ownership percentages. As a result, the Company has retrospectively presented the shares outstanding for all prior periods presented.

The calculation of basic and diluted EPS is presented below (in thousands, except share and per share data).



	Three Months Ended March 31,
	2016			2015
Net Income Attributable to Shareholders	$	(5,782	)	$	5,448
Weighted Average Shares Outstanding	75,727,369			53,502,873
Basic and Diluted EPS	$	(0.08	)	$	0.10

For the three months ended March 31, 2016, 10,945 shares have been excluded from the calculation of Diluted EPS because the impact would be anti-dilutive.