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Earnings per share

12 Months Ended

Dec. 31, 2014

Earnings per share

Earnings per share

Note 12. Earnings per share

        The following table reflects the computation of net loss per share on a basic and diluted basis for the years ended December 31, 2014, 2013 and 2012 (in thousands, except share data):

		For the Years Ended December 31,
		2014			2013			2012
Income / (loss) (numerator):
Loss from continuing operations		$	(33,092	)	$	(20,074	)	$	(10,236	)
Income from discontinued operations			—			1,008			—
Noncontrolling interest			14,965			13,245			—
Dividends on preferred shares			18,928			1,160			—
Conversion of preferred units			—			10,456			—
​	​	​	​	​	​	​	​	​	​	​
Net loss attributable to common shareholders		$	(66,985	)	$	(43,927	)	$	(10,236	)
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Weighted-average shares (denominator)			196,348,757			123,592,086			7,225,512
Net loss per share—basic and diluted:
Loss from continuing operations		$	(0.34	)	$	(0.37	)	$	(1.42	)
Income from discontinued operations			—			0.01			—
​	​	​	​	​	​	​	​	​	​	​
Net loss per share—basic and diluted		$	(0.34	)	$	(0.36	)	$	(1.42	)
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

        Total weighted-average shares for the year ended December 31, 2014, shown above excludes an aggregate of 73,586,644, shares or units in our Operating Partnership, Series A, B and C preferred shares, common shares issuable upon exercise of stock options, and restricted stock units because they were antidilutive. Total weighted-average shares for the years ended December 31, 2013 and 2012, shown above excludes an aggregate of 63,873,266 and 4,719,493, respectively, of shares or units in our Operating Partnership, the subscription agreement and stock options because they were antidilutive.

        Due to the inherent complexity of the consolidated financial statements as a result of the transactions completed between entities under common control, management does not consider the historical net loss per share computations to be meaningful.

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