EARNINGS PER SHARE ("EPS")

The computations of basic EPS are based on our weighted average shares outstanding. The basic weighted average shares of Common Stock outstanding were 57,876,000 and 87,045,000 for the three months ended September 30, 2017 and 2016, respectively, and 73,503,000 and 93,772,000 for the nine months ended September 30, 2017 and 2016, respectively. We had no dilutive securities outstanding for each of the three and nine months ended September 30, 2017 and 2016. Outstanding shares of Series A Preferred Stock and Warrants were not included in the computation of diluted EPS for the three and nine months ended September 30, 2017 because their impact was deemed to be anti-dilutive. No shares of Series A Preferred Stock or Warrants were outstanding during the three and nine months ended September 30, 2016.

EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.

The following table reconciles the numerator and denominator used in computing our basic and diluted per-share amounts for net income available to common stockholders for the three and nine months ended September 30, 2017 and 2016:



	Three Months Ended September 30,					Nine Months Ended September 30,
	2017			2016		2017			2016
	(in thousands, except per share amounts)
Numerator:
Net income from continuing operations	$	72,391		$	8,382	$	357,698		$	33,865
Net loss (income) attributable to noncontrolling interests	4			3		(10		)	(9		)
Redeemable preferred stock dividends	(138		)	—		(241		)	—
Numerator for basic and diluted net income from continuing operations available to common stockholders	72,257			8,385		357,447			33,856
Net income from discontinued operations	—			703		—			3,061
Numerator for basic and diluted net income available to common stockholders	$	72,257		$	9,088	$	357,447		$	36,917
Denominator:
Basic weighted average shares outstanding	57,876			87,045		73,503			93,772
Effect of dilutive securities—contingently issuable shares and stock options	—			—		—			—
Diluted weighted average shares and common stock equivalents outstanding	57,876			87,045		73,503			93,772
Basic and diluted net income available to common stockholders per share:
Continuing operations	$	1.25		$	0.10	$	4.86		$	0.36
Discontinued operations	$	—		$	0.01	$	—		$	0.03
Net income	$	1.25		$	0.10	$	4.86		$	0.39