XML 24 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
A significant portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company.
The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the three months ended March 31, 2015 and 2014:
 
Three months ended March 31,
 
2015
 
2014
BASIC
 
 
 
Income (loss) from continuing operations attributable to common shareholders
$
30,142

 
$
(980
)
Income from discontinued operations attributable to common shareholders
1,687

 
141

Net income (loss) attributable to common shareholders
$
31,829

 
$
(839
)
Weighted-average number of common shares outstanding
232,525,675

 
227,156,690

Income (loss) per common share:
 

 
 

Income (loss) from continuing operations
$
0.13

 
$
—

Income from discontinued operations
0.01

 
—

Net income (loss) attributable to common shareholders
$
0.14

 
$
—

 
 
 
 
DILUTED
 
 
 
Income (loss) from continuing operations attributable to common shareholders - basic
$
30,142

 
$
(980
)
Impact of assumed conversions:
 
 
 
Share options
—

 
—

Income (loss) from continuing operations attributable to common shareholders
30,142

 
(980
)
Income from discontinued operations attributable to common shareholders - basic
1,687

 
141

Impact of assumed conversions:
 
 
 
Share options
—

 
—

Income from discontinued operations attributable to common shareholders
1,687

 
141

Net income (loss) attributable to common shareholders
$
31,829

 
$
(839
)
 
 
 
 
Weighted-average common shares outstanding - basic
232,525,675

 
227,156,690

Effect of dilutive securities:
 
 
 
Share options
431,590

 
—

Weighted-average common shares outstanding
232,957,265

 
227,156,690

 
 
 
 
Income (loss) per common share:
 
 
 
Income (loss) from continuing operations
$
0.13

 
$
—

Income from discontinued operations
0.01

 
—

Net income (loss) attributable to common shareholders
$
0.14

 
$
—


For per common share amounts, all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods.