EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2016

Dec. 31, 2015

Earnings Per Share [Abstract]

Schedule of calculation of basic and diluted earnings (loss) per share

The following table presents the calculation of basic and diluted earnings (loss) per share ("EPS"):

	For the Three Months Ended March 31,
	2016 (1)		2015
	(In thousands, except per share data)
Net income (loss) attributable to the Company - basic & diluted	$	4,505	$	5,428
Weighted-average shares - basic	25,355		25,279
Share options (2)	283		697
Warrants (3)	—		458
Unvested RSUs	171		138
Weighted-average shares - diluted	25,809		26,572
Earnings (loss) per share
Basic	$	0.18	$	0.21
Diluted	$	0.17	$	0.20

Explanatory Notes:

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(1) Earnings per share basic and diluted has been calculated assuming that the Dissenting Shares are outstanding. Excluding the Dissenting Shares, total weighted-average shares basic and diluted would be 23,328,479 and 23,783,188, respectively, and earnings per share basic and diluted would be $0.19 (Note 10 and 16).

(2) For the threemonths ended March 31, 2016 and 2015, the Company excluded anti-dilutive share options from the calculation of diluted EPS of $2.0 million and of $0.7 million, respectively.

(3) For the three months ended March 31, 2016, the warrants were anti-dilutive for purposes of EPS. The warrants expire on January 24, 2017 (Note 13).

The following table presents the calculation of basic and diluted earnings (loss) per share ("EPS"):

	CIFC LLC		CIFC Corp.		CIFC LLC & CIFC Corp.
	For the Years Ended December 31,
	2015		2015		2014
	(In thousands, except per share data)
Net income (loss) attributable to the Company - basic & diluted	$	334	$	384	$	8,381
Weighted-average shares - basic	25,315		25,315		22,909
Stock options (1)	590		590		674
Warrants (2)	311		311		500
Unvested RSUs	198		198		85
Weighted-average shares - diluted	26,414		26,414		24,168
Earnings (loss) per share
Basic	$	0.01	$	0.02	$	0.37
Diluted	$	0.01	$	0.01	$	0.35

Explanatory Notes:

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(1) For the years ended December 31, 2015 and 2014, the Company excluded anti-dilutive stock options from the calculation of diluted EPS of 1.1 million and of 0.8 million, respectively.

(2) On September 24, 2015, the term of the warrants was extended to January 24, 2017 (Note 12).