The reconciliation of earnings attributable to Common Shares outstanding for the basic and diluted earnings per share calculation is as follows (in thousands, except per share data):


	One Month Ended July 31, 2014			Three Months Ended September 30, 2013			Seven Months Ended July 31, 2014			Nine Months Ended September 30, 2013
Basic
Income (loss) from continuing operations	$	2,400		$	12,128		$	(2,572	)	$	22,776
Loss attributable to non-controlling interest		395			954			3,764			2,427
Preferred dividend of Series D Preferred Shares		(929	)		(2,787	)		(6,502	)		(8,360	)
Amount allocated to Restricted Shares		(11	)		(106	)		(192	)		(235	)

Income (loss) from continuing operations applicable to Common Shares		1,855			10,189			(5,502	)		16,608
Income (loss) from discontinued operations		84			(1,395	)		11,235			8,653
(Income) loss attributable to non-controlling interests from discontinued operations		—			41			54			(8	)

Net income applicable to Common Shares for earnings per share purposes	$	1,939		$	8,835		$	5,787		$	25,253


Basic weighted-average Common Shares		35,825			33,076			35,821			33,047


Income (loss) from continuing operations	$	0.05		$	0.31		$	(0.15	)	$	0.50
Income (loss) from discontinued operations		—			(0.04	)		0.31			0.26

Net income per Common Share - Basic	$	0.05		$	0.27		$	0.16		$	0.76


Diluted
Income (loss) from continuing operations	$	2,400		$	12,128		$	(2,572	)	$	22,776
Loss attributable to non-controlling interest		395			954			3,764			2,427
Preferred dividend of Series D Preferred Shares		(929	)		(2,787	)		(6,502	)		(8,360	)
Amount allocated to Restricted Shares		(11	)		(106	)		(192	)		(235	)

Income (loss) from continuing operations applicable to Common Shares		1,855			10,189			(5,502	)		16,608
Income (loss) from discontinued operations		84			(1,395	)		11,235			8,653
(Income) loss attributable to non-controlling interests from discontinued operations		—			41			54			(8	)

Net income applicable to Common Shares for earnings per share purposes	$	1,939		$	8,835		$	5,787		$	25,253


Basic weighted-average Common Shares		35,825			33,076			35,821			33,047
Stock options (1)		—			2			—			2
Restricted shares (2)		150			70			—			40

Diluted weighted-average Common Shares		35,975			33,148			35,821			33,089


Income (loss) from continuing operations	$	0.05		$	0.31		$	(0.15	)	$	0.50
Income (loss) from discontinued operations		—			(0.04	)		0.31			0.26

Net income per Common Share - Diluted	$	0.05		$	0.27		$	0.16		$	0.76

(1)	The Trust’s stock options were exercised in 2013. The resulting shares were included in the basic weighted-average shares outstanding for the one month and seven months ended July 31, 2014. The Trust’s outstanding stock options were dilutive for the three and nine months ended September 30, 2013.

(2)

The Trust’s Restricted Shares were anti-dilutive for the seven months ended July 31, 2014 and are not included in the weighted-average shares outstanding for the calculation of diluted earnings per Common Share. The Trust’s Restricted Shares were dilutive for the one month ended July 31, 2014 and the three and nine months ended September 30, 2013. The amendments to the Restricted Shares discussed in Note 19 had no impact on the calculation of earnings per share for the periods presented.