Earnings per Share

3 Months Ended

Mar. 31, 2016

Earnings per Share

Earnings per Share

11. Earnings per Share

Basic and diluted earnings (loss) per share (“EPS”) is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period.

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

	Three Months Ended
	March 31,
	2016		2015
Numerator:
Net income from continuing operations	$	5,714	$	5,960
Preferred stock dividends		—		(12,611)
Earnings (loss) from continuing operations attributable to common stockholders		5,714		(6,651)
Income from a discontinued operation, net of taxes		—		281
Net earnings (loss) attributable to common stockholders	$	5,714	$	(6,370)
Denominator:
Basic EPS—weighted average common shares outstanding		56,542,116		41,298,532
Diluted EPS—weighted average common shares outstanding		56,836,082		41,298,532
Basic EPS:
Earnings (loss) from continuing operations	$	0.10	$	(0.16)
Earnings from a discontinued operation, net of taxes		—		0.01
Earnings (loss) per share	$	0.10	$	(0.15)
Diluted EPS:
Earnings (loss) from continuing operations	$	0.10	$	(0.16)
Earnings from a discontinued operation, net of taxes		—		0.01
Earnings (loss) per share	$	0.10	$	(0.15)

The Company reported a net loss from continuing operations available to common stockholders for the three months ended March 31, 2015.  Accordingly, the potentially dilutive effect of the 528,000 outstanding stock options as of March 31, 2015 has been excluded in the computation of diluted earnings per share, as their inclusion would be antidilutive.