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Earnings Per Share
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
he following table sets forth the components of the numerator and denominator for the computation of the basic and diluted earnings per share:
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(amounts in thousands, except per share data)
Numerator:
 
 
 
 
 
Net income attributable to common shareholders - Basic
$
37,513

 
$
7,967

 
$
4,418

Interest on Convertible Notes
694

 
3,383

 
*

Gain on derivative liability
(1,581
)
 
(5,805
)
 
*

Net income attributable to common shareholders - Diluted
$
36,626

 
$
5,545

 
$
4,418

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Weighted average common shares - Basic
35,018

 
32,132

 
31,514

Effective of diluted shares:
 
 
 
 
 
Share-based awards
425

 
593

 
648

Convertible Notes
723

 
3,521

 

Weighted average common shares - Diluted
36,166

 
36,246

 
32,162

 
 
 
 
 
 
Net income per share attributable to common shareholders - Basic
$
1.07

 
$
0.25

 
$
0.14

 
 
 
 
 
 
Net income per share attributable to common shareholders - Diluted
$
1.01

 
$
0.15

 
$
0.14


 
* For the year 2015, the Convertible Notes would have been anti-dilutive if converted at the beginning of the period and therefore, amounts are not applicable.

For the years 2017, 2016, and 2015, no tax benefits were assumed in the weighted average share calculation due to the Company's net operating loss position.

The following table represents the securities that could potentially dilute net income per share attributable to common shareholders in the future that were not included in the computation of diluted net income per share attributable to common shareholders because to do so would have been anti-dilutive for the periods presented.
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(amounts in thousands)
Convertible notes and share-based awards
118

 

 
3,521