Earnings per Share

12 Months Ended

Dec. 31, 2015

Earnings per Share

Earnings per Share

14. Earnings per Share

Basic or diluted earnings (loss) per share is computed by dividing net earnings or loss by the weighted-average number of ordinary shares outstanding during the period.

The following table sets forth the computation of basic and diluted EPS attributable to continuing and discontinued operations:

	December 31,
	2015		2014		2013
Numerator:
Net income from continuing operations	$	31,261	$	15,972	$	11,199
Preferred stock dividends		(32,548)		(44,477)		(35,268)
Loss from continuing operations attributable to common stockholders		(1,287)		(28,505)		(24,069)
Loss from a discontinued operation, net of taxes		(398)		(2,670)		(2,612)
Net loss attributable to common stockholders	$	(1,685)	$	(31,175)	$	(26,681)
Denominator:
Basic EPS—weighted average common shares outstanding		44,816,263		41,199,246		41,072,350
Diluted EPS—weighted average common shares outstanding		44,816,263		41,199,246		41,072,350
Basic and Diluted EPS:
Loss from continuing operations	$	(0.03)	$	(0.69)	$	(0.59)
Loss from a discontinued operation, net of taxes		(0.01)		(0.07)		(0.06)
Net loss	$	(0.04)	$	(0.76)	$	(0.65)

The potentially dilutive effect of the outstanding stock options of 1,257,450,  627,000 and 649,000 shares as of December 31, 2015, 2014 and 2013, respectively, have been excluded from the weighted average number of shares of common stock outstanding as their inclusion would be antidilutive. As further described in Note 1 “Business”, the cumulative dividends in arrears related to Series A Preferred Stock were paid in conjunction with the Company’s IPO. As of December 31, 2014, cumulative dividends in arrears related to the Series A Preferred Stock in aggregate was $191,208.