8. EARNINGS PER SHARE

Basic earnings per share (“EPS”) is based on the weighted average number of shares of common stock outstanding for the period. Diluted EPS is computed in a similar manner to basic EPS after assuming the issuance of shares of common stock for all potentially dilutive shares of restricted stock whether or not they are vested.

Under the 2014 Reorganization, all the outstanding common units, Series B Preferred Units and incentive units of Holdings were exchanged for, or converted into, 45,708,573 shares of our common stock and 8,121,101 shares of our restricted stock as of January 1, 2014.

The following is a reconciliation of net income (loss) and the shares of common stock used in the computation of basic and diluted net earnings per share:


	Three Months Ended					Nine Months Ended
	September 30, 2014		September 30, 2013			September 30, 2014		September 30, 2013
Numerator:
Net income (loss)	$	2,690	$	(424	)	$	3,157	$	2,571
Net income (loss) attributable to non-controlling interest		—		(3	)		—		19

Net income (loss) attributable to the Company	$	2,690	$	(421	)	$	3,157	$	2,552

Denominator:
Weighted average shares outstanding		51,056,462		44,560,053			49,040,344		44,560,053
Adjustment for vested restricted stock		—		1,147,749			—		838,880

Shares for calculating basic EPS		51,056,462		45,707,802			49,040,344		45,398,933

Weighted average shares outstanding		51,056,462		45,707,802			49,040,344		44,560,053
Dilutive effect of unvested restricted stock		1,921,589		—			2,182,704		3,415,495

Shares for calculating diluted EPS		52,978,051		45,707,802			51,223,048		47,975,548

Net income (loss) per share:
Basic	$	0.05	$	(0.01	)	$	0.06	$	0.06
Diluted	$	0.05	$	(0.01	)	$	0.06	$	0.05

We excluded 2,301,603 shares of restricted stock from the diluted earnings per share calculation for the three months ended September 30, 2013 because the shares were anti-dilutive.

There is no difference in net income and pro forma net income for either the three or nine months ended September 30, 2014. The following is a reconciliation of pro forma net income for the three and nine months ended September 30, 2013 and the shares of stock used in the computation of pro forma basic and diluted net income per share:


	Three Months Ended September 30, 2013			Nine Months Ended September 30, 2013
Pro forma numerator:
Net income (loss) attributable to the Company	$	(421	)	$	2,552
Pro forma additional income tax expense (benefit) (Note 12)		(93	)		563

Pro forma net income (loss) attributable to the Company (Note 12)	$	(328	)	$	1,989

Pro forma denominator:
Pro forma weighted average shares outstanding		44,560,053			44,560,053
Adjustment for vested restricted stock		1,147,749			838,880

Pro forma shares for calculating basic EPS		45,707,802			45,398,933

Pro forma weighted average shares outstanding		45,707,802			44,560,053
Effect of dilutive restricted stock		—			3,415,495

Pro forma shares for calculating diluted EPS		45,707,802			47,975,548

Pro forma net income per share:
Basic	$	(0.01	)	$	0.04
Diluted	$	(0.01	)	$	0.04

See “Note 12 Income Taxes” for additional information regarding pro forma income tax expense.