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Earnings per Share
 12 Months Ended
Dec. 31, 2016
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 earnings per share attributable to continuing and discontinued operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2016

    

2015

    

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

 

$
5,399

 

$
31,261

 

$
15,972

 

Preferred stock dividends

 

 

 —

 

 
(32,548)

 

 
(44,477)

 

Income (loss) from continuing operations attributable to common stockholders

 

 
5,399

 

 
(1,287)

 

 
(28,505)

 

Loss from a discontinued operation, net of taxes

 

 

 —

 

 
(398)

 

 
(2,670)

 

Net income (loss) attributable to common stockholders

 

$
5,399

 

$
(1,685)

 

$
(31,175)

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Basic EPS—weighted average common shares outstanding

 

 
55,827,409

 

 
44,816,263

 

 
41,199,246

 

Diluted EPS—weighted average common shares outstanding

 

 
56,203,789

 

 
44,816,263

 

 
41,199,246

 

Basic and Diluted EPS:

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share from continuing operations

 

$
0.10

 

$
(0.03)

 

$
(0.69)

 

Loss from a discontinued operation, net of taxes

 

 

 —

 

 
(0.01)

 

 
(0.07)

 

Earnings (loss) per share

 

$
0.10

 

$
(0.04)

 

$
(0.76)

 

 

The potentially dilutive effect of 1,327,818,  1,257,450, and 627,000 stock options as of December 31, 2016, 2015, and 2014, respectively, have been excluded from the computation of diluted earnings per share as their inclusion would be anti-dilutive. The cumulative dividends in arrears related to Series A Preferred Stock were paid in conjunction with the Company’s IPO.