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Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2014
Earnings (Loss) Per Share

NOTE 8: Earnings (Loss) Per Share

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the years ended December 31, 2014, 2013 and 2012:

 

     For the Years
Ended December 31		  
     2014      2013      2012  

Net Income (loss)

    $ 2,944       $ 1,274       $ 427   

(Income) loss allocated to preferred shares

      —           (10 )       (15 ) 

(Income) loss allocated to non-controlling interests

      (4 )       (649 )       (535 ) 
  

 

 

     

 

 

     

 

 

  

Net Income (loss) allocable to common shares

 $ 2,940    $ 615    $ (123 ) 
  

 

 

     

 

 

     

 

 

  

Weighted-average shares outstanding—Basic

   21,315,928      5,330,814      275,384   

Dilutive limited partnership units

   1,282,449      —        —     

Weighted-average shares outstanding—Diluted

   21,532,671      5,330,814      275,384   
  

 

 

     

 

 

     

 

 

  

Earnings (loss) per share—Basic

 $ 0.14    $ 0.12    $ (0.45 ) 
  

 

 

     

 

 

     

 

 

  

Earnings (loss) per share—Diluted

 $ 0.14    $ 0.12    $ (0.45 ) 
  

 

 

     

 

 

     

 

 

  

Earnings per share is computed in accordance with FASB ASC Topic 260, “Earnings per Share”, by dividing the Net Income (loss) allocable to common shares by the weighted average number of common shares outstanding during the respective periods. Earnings (loss) per share for the period beginning January 1, 2013 and ended May 7, 2013 and the years ended December 31, 2012 and 2011 excludes 5,274,900 limited partnership units that were exchanged for common stock on May 7, 2013 as their effect would be anti-dilutive.