Computations of basic and diluted income (loss) per share for the periods presented are as follows (in thousands, except per share data):

	Three Months Ended
	June 30, 2015						June 30, 2014
	Income (Loss) (Numerator)		Shares (Denominator)		Per Share Amount		Income (Loss) (Numerator)		Shares (Denominator)		Per Share Amount

Loss from continuing operations	$	(17,050)					$	(1,766)
Preferred stock dividends		(3,050)						(3,050)
(Loss) income from continuing operations attributable to noncontrolling interests		(4,000)						22
Loss from continuing operations attributable to common stockholders		(16,100)						(4,838)

Income from discontinued operations		-						1,374
(Loss) from discontinued operations attributable to noncontrolling interests		-						(10)
Income from discontinued operations attributable to common stockholders		-						1,384

Basic and diluted earnings per share:
Loss from continuing operations attributable to common stockholders		(16,100)		64,741	$	(0.25)		(4,838)		64,681	$	(0.07)
Income from discontinued operations attributable to common stockholders		-		64,741		-		1,384		64,681		0.02
Net loss attributable to common stockholders		(16,100)		64,741	$	(0.25)		(3,454)		64,681	$	(0.05)

Effect of Dilutive Securities
Interest expense on exchangeable debt		1,356
Incremental shares from assumed conversion ⁽¹⁾				18,051						434
Diluted:		(14,744)		82,792				(3,454)		65,115

	Six Months Ended
	June 30, 2015						June 30, 2014
	Income (Loss) (Numerator)		Shares (Denominator)		Per Share Amount		Income (Loss) (Numerator)		Shares (Denominator)		Per Share Amount

(Loss) income from continuing operations	$	(5,210)					$	(1,657)
Preferred stock dividends		(6,100)						(6,100)
(Loss) income from continuing operations attributable to noncontrolling interests		(6,166)						13
Loss from continuing operations attributable to common stockholders		(5,144)						(7,770)

(Loss) income from discontinued operations		(1,157)						2,313
Income (loss) from discontinued operations attributable to noncontrolling interests		9						(16)
(Loss) income from discontinued operations attributable to common stockholders		(1,166)						2,329

Basic and diluted earnings per share:
Loss from continuing operations attributable to common stockholders		(5,144)		64,737	$	(0.08)		(7,770)		64,588	$	(0.12)
(Loss) income from discontinued operations attributable to common stockholders		(1,166)		64,737		(0.02)		2,329		64,588		0.04
Net loss attributable to common stockholders		(6,310)		64,737	$	(0.10)		(5,441)		64,588	$	(0.08)

Effect of Dilutive Securities
Interest expense on exchangeable debt		2,712
Incremental shares from assumed conversion ⁽¹⁾				18,051						434
Diluted:		(3,598)		82,788				(5,441)		65,022

⁽¹⁾

The effect of the inclusion of all potentially dilutive securities for 2015 would be anti-dilutive when computing diluted earnings per share. Therefore, the computation of both basic and diluted earnings per share is the same. For the period ended June 30, 2015, shares issuable upon settlement of the exchange feature of the Exchangeable Senior Notes were anti-dilutive and were not included in the computation of diluted earnings per share based on the “if-converted” method.