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EARNINGS PER SHARE (''EPS'')
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE ("EPS")
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 43,792,000, 69,062,000 and 91,328,000 for the years ended December 31, 2018, 2017 and 2016, 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, 2018, 2017 and 2016; outstanding shares of Series A Preferred Stock for the years ended December 31, 2018 and 2016; and the series L Preferred Stock for the years ended December 31, 2018 and 2017 because their impact was deemed to be anti-dilutive. No shares of Series L Preferred Stock were outstanding during the year ended December 31, 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 for 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 (loss) income attributable to common stockholders for the years ended December 31, 2018, 2017 and 2016:
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
Net income from continuing operations
$
1,142

 
$
379,758

 
$
30,712

Net income attributable to noncontrolling interests
(21
)
 
(21
)
 
(18
)
Redeemable preferred stock dividends accumulated
1,436

 
(1,436
)
 

Redeemable preferred stock dividends declared
(16,859
)
 
(490
)
 
(9
)
Redeemable preferred stock redemptions
4

 
2

 

Basic net (loss) income from continuing operations attributable to common stockholders
(14,298
)
 
377,813

 
30,685

Redeemable preferred stock dividends declared on dilutive shares

 
9

 

Diluted net (loss) income from continuing operations attributable to common stockholders
(14,298
)
 
377,822

 
30,685

 
 
 
 
 
 
Net income from discontinued operations

 

 
3,853

 
 
 
 
 
 
Basic net (loss) income attributable to common stockholders
$
(14,298
)
 
$
377,813

 
$
34,538

Diluted net (loss) income attributable to common stockholders
$
(14,298
)
 
$
377,822

 
$
34,538

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Basic weighted average shares of common stock outstanding
43,792

 
69,062

 
91,328

Effect of dilutive securities—contingently issuable shares

 
8

 

Diluted weighted average shares and common stock equivalents outstanding
43,792

 
69,070

 
91,328

 
 
 
 
 
 
Basic and diluted net (loss) income attributable to common stockholders per share:
 
 
 
 
 
Continuing operations
$
(0.33
)
 
$
5.47

 
$
0.34

Discontinued operations
$

 
$

 
$
0.04

Net (loss) income
$
(0.33
)
 
$
5.47

 
$
0.38