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Earnings (Loss) Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

NOTE 9: Earnings (Loss) Per Share

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2016 and 2015:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Net income (loss)

 

$

2,407

 

 

$

25,636

 

 

$

33,151

 

 

$

25,748

 

(Income) loss allocated to non-controlling interests

 

 

(140

)

 

 

(1,621

)

 

 

(1,972

)

 

 

(1,629

)

Net income (loss) allocable to common shares

 

 

2,267

 

 

 

24,015

 

 

 

31,179

 

 

 

24,119

 

Weighted-average shares outstanding—Basic

 

 

47,215,918

 

 

 

33,962,015

 

 

 

47,164,543

 

 

 

32,516,470

 

Weighted-average shares outstanding—Diluted

 

 

47,314,629

 

 

 

33,962,015

 

 

 

47,190,139

 

 

 

32,520,684

 

Earnings (loss) per share—Basic

 

$

0.05

 

 

$

0.71

 

 

$

0.66

 

 

$

0.74

 

Earnings (loss) per share—Diluted

 

$

0.05

 

 

$

0.71

 

 

$

0.66

 

 

$

0.74

 

 

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 2,915,008 and 3,091,380 for the three and nine months ended September 30, 2016, respectively, and 3,278,935 and 3,184,326 for the three and nine months ended September 30, 2015, respectively.