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Earnings Per Share | 12 Months Ended
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Dec. 31, 2014
Earnings Per Share [Abstract] |
Earnings Per Share | 12. EARNINGS PER SHARE Basic earnings per share, or EPS, is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income on an if-converted basis for 2012, 2013 and the first quarter of 2014, with respect to the 3.25% Notes and the 5.75% Notes, by the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of any outstanding dilutive securities. All of the 5.75% Notes were retired during the first quarter of 2014. During the second quarter of 2014, the Company received shareholder approval to allow for flexible settlement in cash, shares of common stock, or a combination of cash and shares of common stock for the conversion of the 3.25% Notes. The Company intends to settle conversions in cash for the principal amount and cash or shares of the Company’s common stock for any related conversion premium. Accordingly, beginning in the second quarter of 2014, diluted EPS is computed using the treasury stock method by dividing net income by the weighted average number of common shares outstanding during the period, adjusted for the dilutive effect of any outstanding dilutive securities. The calculations of basic and diluted EPS are as follows (in thousands):
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Basic EPS: |  |  |  |  |  |  |  |
Net income attributable to Green Plains | $ | 159,504 |  | $ | 43,391 |  | $ | 11,779
Weighted average shares outstanding - basic |  | 36,467 |  |  | 30,183 |  |  | 30,296
EPS - basic | $ | 4.37 |  | $ | 1.44 |  | $ | 0.39
Diluted EPS: |  |  |  |  |  |  |  |
Net income attributable to Green Plains | $ | 159,504 |  | $ | 43,391 |  | $ | 11,779
Interest and amortization on convertible debt, net of tax effect: |  |  |  |  |  |  |  |
5.75% Notes |  | 576 |  |  | 3,578 |  |  | -
3.25% Notes |  | 1,379 |  |  | 1,473 |  |  | -
Net income attributable to Green Plains - diluted | $ | 161,459 |  | $ | 48,442 |  | $ | 11,779
Weighted average shares outstanding - basic |  | 36,467 |  |  | 30,183 |  |  | 30,296
Effect of dilutive convertible debt: |  |  |  |  |  |  |  |
5.75% Notes |  | 1,006 |  |  | 6,286 |  |  | -
3.25% Notes |  | 3,040 |  |  | 1,624 |  |  | -
Effect of dilutive stock-based compensation awards |  | 217 |  |  | 211 |  |  | 167
Weighted average shares oustanding - diluted |  | 40,730 |  |  | 38,304 |  |  | 30,463
EPS - diluted | $ | 3.96 |  | $ | 1.26 |  | $ | 0.39
Excluded from the computations of diluted EPS for the years ended December 31, 2013 and 2012, were stock-based compensati on awards totaling 14 thousand and 0.8 million shares, resp ectively, because the exercise prices or the grant-date fair value, as applicable, of the corresponding awards were greater than the average market price of the Company’s common stock during the respective periods. Also, the effect of 5.75% Notes due 2015 was excluded from the computation of diluted EPS for the year ended December 31, 2012 as inclusion would be antidilutive.

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