The following table calculates the Company’s earnings per share (“EPS”) and provides a reconciliation of net loss from continuing operations and the number of common shares used in the computations of “basic” EPS, which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts):


	Three-Month Periods Ended June 30,						Six-Month Periods Ended June 30,
	2013			2012			2013			2012
Basic Earnings:
Continuing Operations:
Loss from continuing operations	$	(19,288	)	$	(8,511	)	$	(9,342	)	$	(7,022	)
Plus: (Loss) gain on disposition of real estate		(1,525	)		5,234			(1,582	)		5,899
Plus: Loss attributable to non-controlling interests		(195	)		(120	)		(386	)		(296	)

Loss from continuing operations attributable to DDR		(21,008	)		(3,397	)		(11,310	)		(1,419	)
Write-off of preferred share original issuance costs		(5,246	)		—			(5,246	)		—
Preferred dividends		(7,475	)		(6,967	)		(14,505	)		(13,934	)

Basic—Loss from continuing operations attributable to DDR common shareholders		(33,729	)		(10,364	)		(31,061	)		(15,353	)
Less: Earnings attributable to unvested shares and operating partnership units		(359	)		(308	)		(722	)		(600	)

Basic—Loss from continuing operations	$	(34,088	)	$	(10,672	)	$	(31,783	)	$	(15,953	)

Discontinued Operations:
Basic—Loss from discontinued operations		(2,305	)		(34,103	)		(5,700	)		(51,138	)

Basic—Net loss attributable to DDR common shareholders after allocation to participating securities	$	(36,393	)	$	(44,775	)	$	(37,483	)	$	(67,091	)


Diluted Earnings:
Continuing Operations:
Basic—Loss from continuing operations	$	(33,729	)	$	(10,364	)	$	(31,061	)	$	(15,353	)
Less: Earnings attributable to unvested shares and operating partnership units		(359	)		(308	)		(722	)		(600	)

Diluted—Loss from continuing operations		(34,088	)		(10,672	)		(31,783	)		(15,953	)

Discontinued Operations:
Basic—Loss from discontinued operations		(2,305	)		(34,103	)		(5,700	)		(51,138	)

Diluted—Net loss attributable to DDR common shareholders after allocation to participating securities	$	(36,393	)	$	(44,775	)	$	(37,483	)	$	(67,091	)


Number of Shares:
Basic and diluted—Average shares outstanding		316,967			280,390			315,110			277,802


Basic Earnings Per Share:
Loss from continuing operations attributable to DDR common shareholders	$	(0.11	)	$	(0.04	)	$	(0.10	)	$	(0.06	)
Loss from discontinued operations attributable to DDR common shareholders		—			(0.12	)		(0.02	)		(0.18	)

Net loss attributable to DDR common shareholders	$	(0.11	)	$	(0.16	)	$	(0.12	)	$	(0.24	)


Dilutive Earnings Per Share:
Loss from continuing operations attributable to DDR common shareholders	$	(0.11	)	$	(0.04	)	$	(0.10	)	$	(0.06	)
Loss from discontinued operations attributable to DDR common shareholders		—			(0.12	)		(0.02	)		(0.18	)

Net loss attributable to DDR common shareholders	$	(0.11	)	$	(0.16	)	$	(0.12	)	$	(0.24	)