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):


	Seven Months Ended July 31, 2014			Year Ended December 31, 2013			Year Ended December 31, 2012
Basic
Income (loss) from continuing operations	$	(2,572	)	$	15,716		$	23,399
Loss attributable to non-controlling interest		3,764			4,251			762
Preferred dividend of Series D Preferred Shares		(6,502	)		(11,146	)		(9,285	)
Amount allocated to Restricted Shares		(192	)		(307	)		—

Income (loss) from continuing operations applicable to Common Shares		(5,502	)		8,514			14,876
Income from discontinued operations		11,235			8,772			985
(Income) loss attributable to non-controlling interest from discontinued operations		54			39			(515	)

Net income attributable to Common Shares for earnings per share purposes	$	5,787		$	17,325		$	15,346

Basic weighted-average Common Shares		35,821			33,743			33,062

(Loss) income from continuing operations	$	(0.15	)	$	0.25		$	0.45
Income from discontinued operations		0.31			0.26			0.01

Net income per Common Share – basic	$	0.16		$	0.51		$	0.46


	Seven Months Ended July 31, 2014			Year Ended December 31, 2013			Year Ended December 31, 2012
Diluted
Income (loss) from continuing operations	$	(2,572	)	$	15,716		$	23,399
Loss attributable to non-controlling interest		3,764			4,251			762
Preferred dividend of Series D Preferred Shares		(6,502	)		(11,146	)		(9,285	)
Amount allocated to Restricted Shares		(192	)		(307	)		—

Income (loss) from continuing operations applicable to Common Shares		(5,502	)		8,514			14,876
Income from discontinued operations		11,235			8,772			985
(Income) loss attributable to non-controlling interest from discontinued operations		54			39			(515	)

Net income attributable to Common Shares for earnings per share purposes	$	5,787		$	17,325		$	15,346

Basic weighted-average Common Shares		35,821			33,743			33,062
Stock options (1)		—			—			—
Restricted Shares (2)		—			31			—

Diluted weighted-average Common Shares		35,821			33,774			33,062

Income (loss) from continuing operations	$	(0.15	)	$	0.25		$	0.45
Income from discontinued operations		0.31			0.26			0.01

Net income per Common Share – diluted	$	0.16		$	0.51		$	0.46

(1)

The Trust’s stock options were exercised in 2013. The resulting shares were included in the basic weighted average Common Shares for the seven months ended July 31, 2014 and the year ended December 31, 2013. The Trust’s stock options were dilutive for the year ended December 31, 2012. The weighted-average stock options for the year ended December 31, 2012 were less than one thousand shares.

(2)

The Trust’s Restricted Shares were issued in 2013. 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 year ended December 31, 2013. The amendments to the Restricted Shares discussed in Note 24 had no impact on the calculation of earnings per share for the periods presented.