Earnings Per Share

12 Months Ended

Dec. 31, 2016

Basic and diluted earnings (loss) per share ("EPS") for the years ended December 31, 2016, 2015, and 2014 were:



	Year Ended December 31,
	2016			2015			2014
	(in thousands)
Numerator
Net loss attributable to common stockholders—basic and diluted	$	(31,738	)	$	(98,007	)	$	(18,962	)
Denominator
Weighted average common shares outstanding—basic and diluted	73,371			75,604			85,140
Net loss attributable per common share:
Basic	$	(0.43	)	$	(1.30	)	$	(0.22	)
Diluted	$	(0.43	)	$	(1.30	)	$	(0.22	)

Diluted EPS is calculated using the two-class method for options and RSUs and the if-converted method for Series A preferred stock. For the years ended December 31, 2016, 2015, and 2014, 2.2 million, 2.1 million, and 2.0 million options and RSUs, respectively, were excluded from the calculation of diluted EPS under the two-class method because the effect was anti-dilutive. The Series A preferred shares were excluded in the calculation of diluted EPS under the if-converted method because the effect on was anti-dilutive. If converted, Series A preferred stock would represent approximately 15.8% of the Company's common stock outstanding, or 13.8 million additional common shares as of December 31, 2016.