Annual report pursuant to Section 13 and 15(d)

Per Share Data

v2.4.1.9
Per Share Data
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Per Share Data
Per Share Data

Basic net income (loss) per share is computed by dividing net income (loss) attributable to the Company, decreased with respect to net income or increased with respect to net loss 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, warrants and restricted shares is included in diluted earnings per share in 2014 utilizing the treasury stock method. The computations of basic and diluted per share data were as follows:

 
 
Year Ended December 31,
 
 
2014
 
2013
 
2012
Net income (loss)
 
$
33,352

 
$
(522
)
 
$
(16,354
)
Loss attributable to noncontrolling interest
 
(81
)
 
(68
)
 
—

Net income (loss) attributable to the Company
 
33,433

 
(454
)
 
(16,354
)
Dividends declared on preferred stock
 
(17,244
)
 
(6,911
)
 
—

Net income (loss) available to common shareholders
 
$
16,189

 
$
(7,365
)
 
$
(16,354
)
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
 
182,768,494

 
182,295,476

 
183,572,582

Effect of dilutive securities:
 
  

 
  

 
  

Options to purchase common stock
 
15,411,800

 
—

 
—

Warrants to purchase common stock
 
8,331,539

 
—

 
—

Restricted shares
 
604

 
—

 
—

Dilutive potential common shares
 
23,743,943

 
—

 
—

Weighted average common shares
outstanding – dilutive
 
206,512,437

 
182,295,476

 
183,572,582

Net income (loss) per common share:
 
  

 
  

 
  

Basic
 
$
0.09

 
$
(0.04
)
 
$
(0.09
)
Diluted
 
$
0.08

 
$
(0.04
)
 
$
(0.09
)


During 2014, 2013 and 2012, options, warrants and restricted stock to purchase 3,215,621, 55,398,631 and 54,837,515 common shares, respectively, were not included in the computation of diluted income (loss) per share as the effect would be anti-dilutive.