Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2014

Earnings (Loss) Per Share

Earnings (Loss) Per Share

13. Earnings (Loss) Per Share

Basic earnings (loss) per share is computed based on the weighted average number of outstanding common shares.  Diluted earnings (loss) per share is computed based on the weighted average number of outstanding common shares plus the dilutive effect of common stock equivalents, computed using the treasury stock method.  The table below sets forth the computations of basic and diluted earnings per share attributable to the common shareholders of WCI Communities, Inc.

	Three Months Ended March 31,
	2014			2013
	(in thousands, except per share amounts)
Net income	$	1,719		$	857
Net income attributable to noncontrolling interests	(239		)	(271		)
Net income attributable to common shareholders of WCI Communities, Inc.	$	1,480		$	586
Basic weighted average shares outstanding	26,015			18,045
Effect of dilutive securities:
Stock-based compensation arrangements	216			18
Diluted weighted average shares outstanding	26,231			18,063
Earnings per share of WCI Communities, Inc.:
Basic	$	0.06		$	0.03
Diluted	$	0.06		$	0.03