EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Earnings Per Share, Basic and Diluted

The components of basic and diluted earnings per share are as follows:



	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2018			2017			2018			2017
Income from continuing operations	$	21,325		$	25,265		$	27,409		$	19,283
Net loss attributable to noncontrolling interests	16			137			194			346
Less: preferred share accretion paid in kind (Note 13)	(2,330		)	(2,405		)	(4,777		)	(4,762		)
Less: income allocated to Series B Preferred Shares	(6,084		)	(9,347		)	(8,192		)	(6,037		)
Income from continuing operations available to common shareholders, net of noncontrolling interest	12,927			13,650			14,634			8,830
Income / (loss) from discontinued operations, net of tax (Note 3)	4,700			2,533			5,688			(2,759		)
Less: (income) / loss allocated to Series B Preferred Shares	(1,504		)	(1,030		)	(2,041		)	1,120
Net income attributable to CME Ltd. available to common shareholders — basic	16,123			15,153			18,281			7,191

Effect of dilutive securities
Dilutive effect of Series B Preferred Shares	485			2,430			1,524			1,103
Net income attributable to CME Ltd. available to common shareholders — diluted	$	16,608		$	17,583		$	19,805		$	8,294

Weighted average outstanding shares of common stock — basic ⁽¹⁾	235,148			155,738			196,807			155,269
Dilutive effect of common stock warrants, employee stock options and RSUs	23,635			80,214			53,708			75,603
Weighted average outstanding shares of common stock — diluted	258,783			235,952			250,515			230,872

Net income / (loss) per share:
Continuing operations — basic	$	0.05		$	0.09		$	0.07		$	0.06
Continuing operations — diluted	0.05			0.07			0.06			0.04
Discontinued operations — basic	0.02			0.01			0.02			(0.01		)
Discontinued operations — diluted	0.01			0.00			0.02			0.00
Net income attributable to CME Ltd. — basic	0.07			0.10			0.09			0.05
Net income attributable to CME Ltd. — diluted	0.06			0.07			0.08			0.04

⁽¹⁾

For the purpose of computing basic earnings per share, the 11,211,449 shares of Class A common stock underlying the Series A Preferred Share are included in the weighted average outstanding shares of common stock - basic, because the holder of the Series A Preferred Share is entitled to receive any dividends payable when dividends are declared by the Board of Directors with respect to any shares of the common stock.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following weighted-average, equity awards and convertible shares were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive for the periods presented:



	For the Three Months Ended June 30,		For the Six Months Ended June 30,
	2018	2017	2018	2017
Employee stock options	—	—	—	411
RSUs	1,013	479	1,013	698
Total	1,013	479	1,013	1,109

These instruments may become dilutive in the future. As set forth in the Certificate of Designation for the Series B Preferred Shares, the holders of our Series B Preferred Shares are not contractually obligated to share in our losses.