Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2017

NOTE 9: 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, 2017 and 2016:

	For the Three Months Ended March 31,
	2017			2016
Net income (loss)	$	4,245		$	(46	)
(Income) loss allocated to non-controlling interests		(168	)		(29	)
Net income (loss) allocable to common shares		4,077			(75	)
Weighted-average shares outstanding—Basic		68,787,155			47,093,343
Weighted-average shares outstanding—Diluted		68,958,786			47,093,343
Earnings (loss) per share—Basic	$	0.06		$	-
Earnings (loss) per share—Diluted	$	0.06		$	-

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 2,916,098 and 3,061,585 for the three months ended March 31, 2017 and 2016, respectively.