The following table summarizes the computation of earnings per share for the three months ended June 30, 2015 and 2014, respectively.

8. EARNINGS PER SHARE (continued)



	Three Months Ended June 30,
(in thousands, except per share data)	2015				2014
BASIC LOSS
Net loss attributable to Alliance One International, Inc.	$	(25,950	)		$	(23,685	)

SHARES
Weighted average number of shares outstanding	8,862				8,799

BASIC LOSS PER SHARE	$	(2.93	)		$	(2.69	)

DILUTED LOSS
Net loss attributable to Alliance One International, Inc.	$	(25,950	)		$	(23,685	)
Plus interest expense on 5 1/2% convertible notes, net of tax	—				—			*
Net loss attributable to Alliance One International, Inc. as adjusted	$	(25,950	)		$	(23,685	)

SHARES
Weighted average number of common shares outstanding	8,862				8,799
Plus: Restricted shares issued and shares applicable to stock options and restricted stock units, net of shares assumed to be purchased from proceeds at average market price	—			*	—			*
Assuming conversion of 5 1/2% convertible notes at the time of issuance	—				—			*
Shares applicable to stock warrants	—			**	—			**
Adjusted weighted average number of common shares outstanding	8,862				8,799
DILUTED LOSS PER SHARE	$	(2.93	)		$	(2.69	)

* Assumed conversion of convertible notes at the beginning of the period has an antidilutive effect on earnings per share. The convertible notes matured during the three months ended September 30, 2014. All outstanding restricted shares and shares applicable to stock options and restricted stock units are excluded because their inclusion would have an antidilutive effect on the loss per share.
** For the three months ended June 30, 2015 and 2014, the warrants were not assumed exercised because the exercise price was more than the average price for the periods presented. The warrants began expiring October 15, 2014 and were fully expired on April 8, 2015.