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Earnings per Share
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
Basic earnings per share ("EPS") are computed using the two-class method by dividing net income by the weighted average number of common shares outstanding for the period (the "common shares"). Diluted EPS is computed using the treasury method if more dilutive, by dividing net income by the common shares plus potential common shares issuable upon exercising options or other contracts. The following table reconciles the amounts used in calculating basic and diluted income per share.
 
Three months ended September 30,
 
Nine months ended September 30,
 
2017
 
2016
 
2017
 
2016
Net income from continuing operations
$
12,244

 
$
28,444

 
$
49,609

 
$
94,640

Net income from discontinued operations
9,721

 
8,875

 
8,372

 
131,787

Net income
$
21,965

 
$
37,319

 
$
57,981

 
$
226,427

 
 
 
 
 
 
 
 
Weighted average shares outstanding, basic and diluted
773,517,492

 
862,212,317

 
773,405,710

 
862,207,903

 
 
 
 
 
 
 
 
Income from continuing operations allocated to common stockholders per share
$
0.02

 
$
0.03

 
$
0.06

 
$
0.11

Income from discontinued operations allocated to common stockholders per share
$
0.01

 
$
0.01

 
$
0.01

 
$
0.15

Net income per common share, basic and diluted
$
0.03

 
$
0.04

 
$
0.07

 
$
0.26