The treasury stock method of calculating earnings per share (“EPS”) is presented below for the three and six months ended June 30, 2018 and 2017. The following tables present the computations of basic and diluted EPS:



	Three months ended June 30,						Six months ended June 30,
	2018			2017			2018			2017
	(In thousands, except share and per share data)
Basic earnings per share - Numerator:
Net income from continuing operations	$	7,404		$	23,493		$	29,442		$	38,489
Less: Net income attributable to noncontrolling interests	968			1,150			2,018			2,116
Net income from continuing operations attributable to the Company	6,436			22,343			27,424			36,373
Decrease/ (increase) in noncontrolling interests’ redemption values (1)	(408		)	292			438			(5		)
Dividends on preferred stock (2)	(3,116		)	(869		)	(3,985		)	(1,738		)
Total adjustments to income attributable to common shareholders	(3,524		)	(577		)	(3,547		)	(1,743		)
Net income from continuing operations attributable to common shareholders, treasury stock method	2,912			21,766			23,877			34,630
Net income/ (loss) from discontinued operations	(2		)	1,063			1,696			2,695
Net income attributable to common shareholders, treasury stock method	$	2,910		$	22,829		$	25,573		$	37,325

Basic earnings per share - Denominator:
Weighted average basic common shares outstanding	83,509,115			82,298,493			83,304,573			82,125,795
Per share data - Basic earnings per share from:
Continuing operations	$	0.03		$	0.27		$	0.29		$	0.42
Discontinued operations	$	—		$	0.01		$	0.02		$	0.03
Total attributable to common shareholders	$	0.03		$	0.28		$	0.31		$	0.45



	Three months ended June 30,					Six months ended June 30,
	2018			2017		2018		2017
	(In thousands, except share and per share data)
Diluted earnings per share - Numerator:
Net income from continuing operations attributable to common shareholders, after assumed dilution	$	2,912		$	21,766	$	23,877	$	34,630
Net income/ (loss) from discontinued operations	(2		)	1,063		1,696		2,695
Net income attributable to common shareholders, after assumed dilution	$	2,910		$	22,829	$	25,573	$	37,325
Diluted earnings per share - Denominator:
Weighted average basic common shares outstanding	83,509,115			82,298,493		83,304,573		82,125,795
Dilutive effect of:
Stock options, performance-based and time-based restricted stock, and performance-based and time-based restricted stock units, and other dilutive securities (3)	1,076,049			1,338,939		1,112,938		1,394,605
Warrants to purchase common stock (3)	828,411			1,104,248		804,463		1,137,909
Dilutive common shares	1,904,460			2,443,187		1,917,401		2,532,514
Weighted average diluted common shares outstanding (3)	85,413,575			84,741,680		85,221,974		84,658,309
Per share data - Diluted earnings per share from:
Continuing operations	$	0.03		$	0.26	$	0.28	$	0.41
Discontinued operations	$	—		$	0.01	$	0.02	$	0.03
Total attributable to common shareholders	$	0.03		$	0.27	$	0.30	$	0.44
Dividends per share declared and paid on common stock	$	0.12		$	0.11	$	0.24	$	0.22

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(1)

See Part II. Item 8. “Financial Statements and Supplementary Data - Note 14: Noncontrolling Interests” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 for a description of the redemption values related to the redeemable noncontrolling interests. In accordance with the FASB Accounting Standards Codification (“ASC”) 480, Distinguishing Liabilities from Equity (“ASC 480”), an increase in redemption value from period to period reduces income attributable to common shareholders. Decreases in redemption value from period to period increase income attributable to common shareholders, but only to the extent that the cumulative change in redemption value remains a cumulative increase since adoption of this standard in the first quarter of 2009.


(2)	Consideration paid in excess of carrying value for the redemption of the 6.95% Non-Cumulative Perpetual Preferred Stock, Series D (“the Series D preferred stock”) of $2.2 million is considered a deemed dividend and, for purposes of calculating EPS, reduces net income attributable to common shareholders for the three and six month ended June 30, 2018.


(3)	The diluted EPS computations for the three and six months ended June 30, 2018 and 2017 do not assume the conversion, exercise, or contingent issuance of the following shares for the following periods because the result would have been anti-dilutive for the periods indicated. As a result of the anti-dilution, the potential common shares excluded from the diluted EPS computation are as follows:



	Three months ended June 30,		Six months ended June 30,
	2018	2017	2018	2017
Shares excluded due to exercise price exceeding the average market price of common shares during the period (total outstanding):	(In thousands)
Potential common shares from:
Stock options	16	54	136	87
Total shares excluded due to exercise price exceeding the average market price of common shares during the period	16	54	136	87