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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2016
Earnings Per Share [Abstract] |
Schedule of reconciliation of basic and diluted net income per common share | The following table presents a reconciliation of basic and diluted net income per common share for the following periods:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Net income (loss) from continuing operations | $ | 7,838 |  |  | $ | (6,388 | ) |  | $ | 22,273 |  |  | $ | (11,961 | )
Less: |  |  |  |  |  |  |
Net income (loss) from continuing operations attributable to non-controlling interests (1) | 1,933 |  |  | (1,835 | ) |  | 4,680 |  |  | (3,706 | )
Net income from continuing operations allocated to participating securities | 60 |  |  | — |  |  | 148 |  |  | — |
Net income (loss) from continuing operations available to Tiptree Financial Inc. Class A common shares | 5,845 |  |  | (4,553 | ) |  | 17,445 |  |  | (8,255 | )
Discontinued operations, net | — |  |  | — |  |  | — |  |  | 23,348 |
Less: |  |  |  |  |  |  |
Net income from discontinued operations attributable to non-controlling interests (1) | — |  |  | — |  |  | — |  |  | 5,663 |
Net income from discontinued operations attributable to Tiptree Financial Inc. Class A common shares | — |  |  | — |  |  | — |  |  | 17,685 |
Net income (loss) attributable to Tiptree Financial Inc. Class A common shares - basic | $ | 5,845 |  |  | $ | (4,553 | ) |  | $ | 17,445 |  |  | $ | 9,430 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
Securities of subsidiaries | (50 | ) |  | — |  |  | (148 | ) |  | — |
Adjustments to income relating to exchangeable interests, net of tax | 1,362 |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to Tiptree Financial Inc. Class A common shares - diluted | $ | 7,157 |  |  | $ | (4,553 | ) |  | $ | 17,297 |  |  | $ | 9,430 |
Weighted average number of shares of Tiptree Financial Inc. Class A common stock outstanding - basic | 29,143,470 |  |  | 33,848,463 |  |  | 32,845,124 |  |  | 32,597,774 |
Weighted average number of incremental shares of Tiptree Financial Inc. Class A common stock issuable from exchangeable interests | 8,087,180 |  |  | — |  |  | 67,392 |  |  | — |
Weighted average number of shares of Tiptree Financial Inc. Class A common stock outstanding - diluted | 37,230,650 |  |  | 33,848,463 |  |  | 32,912,516 |  |  | 32,597,774 |
Basic: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.20 |  |  | $ | (0.13 | ) |  | $ | 0.53 |  |  | $ | (0.25 | )
Income from discontinued operations | — |  |  | — |  |  | — |  |  | 0.54 |
Net income (loss) available to Tiptree Financial Inc. Class A common shares | $ | 0.20 |  |  | $ | (0.13 | ) |  | $ | 0.53 |  |  | $ | 0.29 |
Diluted: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.19 |  |  | $ | (0.13 | ) |  | $ | 0.53 |  |  | $ | (0.25 | )
Income from discontinued operations | — |  |  | — |  |  | — |  |  | 0.54 |
Net income (loss) attributable to Tiptree Financial Inc. Class A common shares | $ | 0.19 |  |  | $ | (0.13 | ) |  | $ | 0.53 |  |  | $ | 0.29 |
(1) | For the three months ended September 30, 2016, the total net income (loss) attributable to non-controlling interest was $1,933, comprised of $1,933 due to continuing operations and $0 attributable to discontinued operations. For the three months ended September 30, 2015, the total net income(loss) attributable to non-controlling interest was $(1,835), comprised of $(1,835) due to continuing operations and $0 attributable to discontinued operations.
For the nine months ended September 30, 2016, the total net income (loss) attributable to non-controlling interest was $4,680, comprised of $4,680 due to continuing operations and $0 attributable to discontinued operations. For the nine months ended September 30, 2015, the total net income (loss) attributable to non-controlling interest was $1,957, comprised of $(3,706) due to continuing operations and $5,663 attributable to discontinued operations.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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