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 September 30,						Nine-Month Periods Ended September 30,
	2013			2012			2013			2012
Basic Earnings:
Continuing Operations:
(Loss) income from continuing operations	$	(11,577	)	$	30,421		$	(14,553	)	$	22,116
Plus: Gain on disposition of real estate		1,929			261			347			6,161
Plus: Loss attributable to non-controlling interests		(170	)		(128	)		(556	)		(424	)
Write-off of preferred share original issuance costs		—			(5,804	)		(5,246	)		(5,804	)
Preferred dividends		(6,608	)		(7,681	)		(21,113	)		(21,616	)
Less: Earnings attributable to unvested shares and operating partnership units		(330	)		(323	)		(1,052	)		(919	)

Basic—(Loss) income from continuing operations	$	(16,756	)	$	16,746		$	(42,173	)	$	(486	)
Discontinued Operations:
Basic—Income (loss) from discontinued operations		9,443			(3,816	)		(2,623	)		(53,671	)

Basic—Net (loss) income attributable to DDR common shareholders after allocation to participating securities	$	(7,313	)	$	12,930		$	(44,796	)	$	(54,157	)

Diluted Earnings:
Continuing Operations:
Basic—(Loss) income from continuing operations	$	(16,426	)	$	17,069		$	(41,121	)	$	433
Less: Earnings attributable to unvested shares and operating partnership units		(330	)		(323	)		(1,052	)		(919	)

Diluted—(Loss) income from continuing operations		(16,756	)		16,746			(42,173	)		(486	)
Discontinued Operations:
Basic—Income (loss) from discontinued operations		9,443			(3,816	)		(2,623	)		(53,671	)

Diluted—Net (loss) income attributable to DDR common shareholders after allocation to participating securities	$	(7,313	)	$	12,930		$	(44,796	)	$	(54,157	)

Number of Shares:
Basic—Average shares outstanding		318,184			302,232			316,146			286,016
Effect of dilutive securities:
Stock options		—			490			—			479
Value sharing equity program		—			202			—			169
Forward equity agreement		—			—			—			1,033

Diluted—Average shares outstanding		318,184			302,924			316,146			287,697

Basic Earnings Per Share:
(Loss) income from continuing operations attributable to DDR common shareholders	$	(0.05	)	$	0.05		$	(0.13	)	$	0.00
Income (loss) from discontinued operations attributable to DDR common shareholders		0.03			(0.01	)		(0.01	)		(0.19	)

Net (loss) income attributable to DDR common shareholders	$	(0.02	)	$	0.04		$	(0.14	)	$	(0.19	)

Dilutive Earnings Per Share:
(Loss) income from continuing operations attributable to DDR common shareholders	$	(0.05	)	$	0.05		$	(0.13	)	$	0.00
Income (loss) from discontinued operations attributable to DDR common shareholders		0.03			(0.01	)		(0.01	)		(0.19	)

Net (loss) income attributable to DDR common shareholders	$	(0.02	)	$	0.04		$	(0.14	)	$	(0.19	)