Earnings Per Share

12 Months Ended

Dec. 31, 2015

The Company calculates basic net income per share by dividing net income for the period by weighted-average shares of common stock outstanding for that period. Diluted net income per share takes into account the effect of dilutive instruments, such as convertible preferred stock, stock options and unvested restricted or performance stock, but uses the average share price for the period in determining the number of incremental shares that are to be added to the weighted-average number of shares outstanding. There were no dilutive instruments for the years ended December 31, 2015, 2014 and 2013.

The following table presents the computation of basic and dilutive net income per share for the periods indicated (amounts in thousands, except per share amounts):



	For the Years Ended December 31,
	2015		2014		2013
Numerator:
Net income attributable to common stockholders – Basic	$	67,023	$	130,379	$	65,387
Net income from continuing operations	67,023		130,379		65,387
Net income from discontinued operations (net of tax)	—		—		—
Net income attributable to common stockholders– Dilutive	$	67,023	$	130,379	$	65,387
Net income from continuing operations	67,023		130,379		65,387
Net income from discontinued operations (net of tax)	—		—		—
Denominator:
Weighted average basic and dilutive shares outstanding	108,399		87,867		59,102
EPS:
Basic EPS	$	0.62	$	1.48	$	1.11
Basic EPS from continuing operations	0.62		1.48		1.11
Basic EPS from discontinued operations (net of tax)	—		—		—
Dilutive EPS	$	0.62	$	1.48	$	1.11
Dilutive EPS from continuing operations	0.62		1.48		1.11
Dilutive EPS from discontinued operations (net of tax)	—		—		—