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 69,062,000, 91,328,000 and 97,588,000 for the years ended December 31, 2017, 2016 and 2015, respectively. For the year ended December 31, 2017, the diluted weighted average shares of Common Stock outstanding were increased by 8,000 shares to reflect the dilutive effect of our Series A Preferred Stock. The computations of diluted EPS do not include outstanding Series A Preferred Warrants for the years ended December 31, 2017 and 2016, outstanding shares of Series A Preferred Stock for the year ended December 31, 2016, and outstanding stock options for the year ended December 31, 2015 because their impacts were deemed to be anti-dilutive. No stock options were outstanding during the years ended December 31, 2017 and 2016 and no shares of Series A Preferred Stock or Series A Preferred Warrants were outstanding during the year ended December 31, 2015.

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 years ended December 31, 2017, 2016 and 2015:



	Year Ended December 31,
	2017			2016			2015
	(in thousands, except per share amounts)
Numerator:
Net income from continuing operations	$	379,758		$	30,712		$	6,112
Net income attributable to noncontrolling interests	(21		)	(18		)	(11		)
Redeemable preferred stock dividends accumulated	(1,436		)	—			—
Redeemable preferred stock dividends declared	(490		)	(9		)	—
Redeemable preferred stock redemptions	2			—			—
Numerator for basic net income from continuing operations available to common stockholders	377,813			30,685			6,101
Redeemable preferred stock dividends declared on dilutive shares	9			—			—
Numerator for dilutive net income from continuing operations available to common stockholders	377,822			30,685			6,101

Net income from discontinued operations	—			3,853			18,291

Numerator for basic net income available to common stockholders	$	377,813		$	34,538		$	24,392
Numerator for diluted net income available to common stockholders	$	377,822		$	34,538		$	24,392

Denominator:
Basic weighted average shares outstanding	69,062			91,328			97,588
Effect of dilutive securities—contingently issuable shares	8			—			—
Diluted weighted average shares and common stock equivalents outstanding	69,070			91,328			97,588

Basic and diluted net income available to common stockholders per share:
Continuing operations	$	5.47		$	0.34		$	0.06
Discontinued operations	—			0.04			0.19
Net income	$	5.47		$	0.38		$	0.25