Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2016

NOTE 8: Earnings (Loss) Per Share

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the three months ended March 31, 2016 and 2015:

	For the Three Months Ended March 31,
	2016			2015
Net Income (loss)	$	(46	)	$	(241	)
(Income) loss allocated to non-controlling interests		(29	)		8
Net Income (loss) allocable to common shares		(75	)		(233	)
Weighted-average shares outstanding—Basic		47,093,343			31,768,468
Weighted-average shares outstanding—Diluted		47,093,343			31,768,468
Earnings (loss) per share—Basic	$	-		$	(0.01	)
Earnings (loss) per share—Diluted	$	-		$	(0.01	)

Certain IROP units, stock appreciation rights, or SARs, and unvested shares were excluded from the earnings (loss) per share computation because their effect would have been anti-dilutive, totaling 3,061,585 and 1,421,950 for the three months ended March 31, 2016 and 2015, respectively.