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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2015
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 three month periods ended March 31, 2015 and 2014:

 

     For the Three-Month
Periods Ended March 31		  
     2015      2014  

Net Income (loss)

    $ (241 )     $ 2,935   

(Income) loss allocated to non-controlling interests

      8        —    
  

 

 

     

 

 

  

Net Income (loss) allocable to common shares

   (233 )    2,935   
  

 

 

     

 

 

  

Weighted-average shares outstanding—Basic

   31,768,468      15,198,096   

Dilutive securities under the treasury stock method

   —       15,855  

Weighted-average shares outstanding—Diluted

   31,768,468      15,213,951   
  

 

 

     

 

 

  

Earnings (loss) per share—Basic

 $ (0.01 )  $ 0.19   
  

 

 

     

 

 

  

Earnings (loss) per share—Diluted

 $ (0.01 )  $ 0.19   
  

 

 

     

 

 

  

For the three-month period ended March 31, 2015, limited partnership units, SARS and unvested shares of 1,421,950, were excluded from the earnings (loss) per share computation because their effect would have been anti-dilutive. 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.