INCOME/(LOSS) PER SHARE

The following table sets forth the computation of basic and diluted income/(loss) per share for the periods presented (dollars and shares in thousands, except per share data):



	Year Ended December 31,
	2014			2013			2012
Numerator for income/(loss) per share:
Income/(loss) from continuing operations	$	16,260		$	2,340		$	(46,305	)
Gain/(loss) on sale of real estate owned, net of tax	143,572			—			—
(Income)/loss from continuing operations attributable to redeemable noncontrolling interests in the Operating Partnership	(5,511		)	48			2,089
(Income)/loss from continuing operations attributable to noncontrolling interests	3			60			(140		)
Income/(loss) from continuing operations attributable to UDR, Inc.	154,324			2,448			(44,356		)
Distributions to preferred stockholders - Series E (Convertible)	(3,724		)	(3,724		)	(3,724		)
Distributions to preferred stockholders - Series G	—			—			(2,286		)
Premium on preferred stock redemption or repurchases, net	—			—			(2,791		)
Income/(loss) from continuing operations attributable to common stockholders	$	150,600		$	(1,276	)	$	(53,157	)

Income/(loss) from discontinued operations, net of tax	$	10		$	43,942		$	266,608
(Income)/loss from discontinued operations attributable to redeemable noncontrolling interests in the Operating Partnership	—			(1,578		)	(10,075		)
Income/(loss) from discontinued operations attributable to common stockholders	$	10		$	42,364		$	256,533

Net income/(loss) attributable to common stockholders	$	150,610		$	41,088		$	203,376

Denominator for income/(loss) per share - basic and diluted:
Weighted average common shares outstanding	252,707			250,684			239,482
Non-vested restricted stock awards	(1,179		)	(715		)	(631		)
Denominator for income/(loss) per share - basic	251,528			249,969			238,851
Incremental shares issuable from assumed conversion of: Stock options and unvested resticted stock	1,917			—			—
Denominator for income/(loss) per share - diluted	253,445			249,969			238,851

Income/(loss) per weighted average common share - basic:
Income/(loss) from continuing operations attributable to common stockholders	$	0.60		$	(0.01	)	$	(0.22	)
Income/(loss) from discontinued operations attributable to common stockholders	—			0.17			1.07
Net income/(loss) attributable to common stockholders	$	0.60		$	0.16		$	0.85

Income/(loss) per weighted average common share - diluted:
Income/(loss) from continuing operations attributable to common stockholders	$	0.59		$	(0.01	)	$	(0.22	)
Income/(loss) from discontinued operations attributable to common stockholders	—			0.17			1.07
Net income/(loss) attributable to common stockholders	$	0.59		$	0.16		$	0.85

Basic income/(loss) per common share is computed based upon the weighted average number of common shares outstanding. Diluted income/(loss) per share is computed based upon the common shares issuable from the assumed conversion of the OP Units, convertible preferred stock, stock options, and restricted stock. Only those instruments having a dilutive impact on our basic income/(loss) per share are included in diluted income/(loss) per share during the periods.

During the years ended December 31, 2013 and 2012, the effect of the conversion of the OP Units, convertible preferred stock, stock options and restricted stock is not dilutive, and is therefore not included in the above calculations as the Company reported a loss from continuing operations attributable to common stockholders.

The following table sets forth the additional shares of common stock outstanding by equity instrument if converted to common stock for each of the years ended December 31, 2014, 2013, and 2012 (shares in thousands):



	Year Ended December 31,
	2014	2013	2012
OP Units	9,247	9,337	9,411
Preferred Stock	3,036	3,036	3,036
Stock options and unvested restricted stock	1,917	1,584	1,361