| Computations of basic and diluted per share |
Basic net income per share is computed by dividing net income attributable to the Company, decreased by dividends declared on preferred stock by using the weighted-average number of common shares outstanding. The dilutive effect of incremental common shares potentially issuable under outstanding options and warrants is included in diluted earnings per share utilizing the treasury method. The computations of basic and diluted per share data were as follows:
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Three months ended June 30, |
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Six months ended June 30, |
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2014 |
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2013 |
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2014 |
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2013 |
Net income (loss) |
$ |
2,923 |
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$ |
(5,536 |
) |
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$ |
7,187 |
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$ |
(5,413 |
) |
Net loss attributable to noncontrolling interest |
(21 |
) |
|
(13 |
) |
|
(42 |
) |
|
(26 |
) |
Net income (loss) attributable to the Company |
2,944 |
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(5,523 |
) |
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7,229 |
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(5,387 |
) |
Dividends declared on preferred stock |
(3,710 |
) |
|
(1,028 |
) |
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(6,935 |
) |
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(1,028 |
) |
Net income (loss) available to common shareholders |
$ |
(766 |
) |
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$ |
(6,551 |
) |
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$ |
294 |
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$ |
(6,415 |
) |
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Basic weighted-average shares |
181,739,505 |
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183,488,108 |
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181,621,442 |
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183,473,696 |
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Effect of dilutive securities: |
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Common stock options |
— |
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— |
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13,829,376 |
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— |
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Warrants to purchase common stock |
— |
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— |
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7,276,623 |
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— |
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Dilutive potential common shares |
— |
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— |
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21,105,999 |
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— |
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Weighted average common shares outstanding and dilutive potential common shares |
181,739,505 |
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183,488,108 |
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202,727,441 |
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183,473,696 |
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Net income (loss) per share available to common shareholders: |
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Basic and diluted |
$ |
(0.00 |
) |
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$ |
(0.04 |
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$ |
0.00 |
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$ |
(0.03 |
) |
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