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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Reconciliation of Net Income (Loss)
The following table presents a reconciliation of net (loss) income used in basic and diluted EPS calculations (dollars in thousands, except per share data):




 
 
Three Months Ended March 31
 
 
2016
 
2015
Numerator for basic and diluted earnings per share
 
 
 
 
Net (loss) income
 
$
(9,947
)
 
$
44,401

     Net (income) loss attributable to non-controlling interests
 
(135
)
 
6

     Preferred Distributions
 
(1,750
)
 
—

Net (loss) income allocable to common shareholders
 
$
(11,832
)
 
$
44,407

     Earnings allocated to unvested participating security holders
 
—

 
—

Net (loss) attributable to Rouse Properties, Inc. and allocable to common shareholders
 
$
(11,832
)
 
$
44,407

 
 
 
 
 
Denominator for basic and diluted earnings per share
 
 
 
 
  Weighted average common shares outstanding - basic
 
57,643,017

 
57,603,340

  Add: effect of assumed shares issued under treasury stock method for stock options and restricted shares
 
—

 
683,916

  Weighted average common shares outstanding - diluted
 
57,643,017

 
58,287,256

 
 
 
 
 
Basic and Diluted earnings per share
 
 
 
 
  Net (loss) income attributable to Rouse Properties, Inc. and allocable to common shareholders- basic
 
$
(0.21
)
 
$
0.77

 
 
 
 
 
  Net (loss) income attributable to Rouse Properties, Inc. and allocable to common shareholders- diluted
 
$
(0.21
)
 
$
0.76