| Reconciliation of the Numerator and Denominator Used in the Computation of Basic and Diluted Income Per Share |
The table below is a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per share computed using the two-class method (dollars in thousands): | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2016 | | 2015 | | 2016 | | 2015 | Basic and diluted income: | | | | | | | | Income from continuing operations | $ | 9,439 |
| | $ | 9,053 |
| | $ | 57,237 |
| | $ | 19,940 |
| Gain on disposition of assets | 17,960 |
| | 5,991 |
| | 39,221 |
| | 66,291 |
| Less: income attributable to unvested restricted stock | (192 | ) | | (132 | ) | | (430 | ) | | (566 | ) | Income used in basic and diluted income per share from continuing operations | 27,207 |
| | 14,912 |
| | 96,028 |
| | 85,665 |
| (Loss) income from discontinued operations | — |
| | (41 | ) | | — |
| | 680 |
| Net income attributable to common stockholders used in basic and diluted income per share | $ | 27,207 |
| | $ | 14,871 |
| | $ | 96,028 |
| | $ | 86,345 |
| | | | | | | | | Basic weighted average shares of common stock outstanding: | | | | | | | | Weighted average shares of common stock outstanding | 480,326,857 |
| | 441,512,930 |
| | 457,992,378 |
| | 430,650,925 |
| Less: unvested weighted average shares of restricted stock | (772,495 | ) | | (1,307,582 | ) | | (728,852 | ) | | (1,263,218 | ) | Weighted average shares of common stock outstanding used in basic income per share | 479,554,362 |
| | 440,205,348 |
| | 457,263,526 |
| | 429,387,707 |
| Net income per share attributable to common stockholders—basic | $ | 0.06 |
| | $ | 0.03 |
| | $ | 0.21 |
| | $ | 0.20 |
| | | | | | | | | Diluted weighted average shares of common stock outstanding: (1) | | | | | | | | Unvested performance shares | 67,506 |
| | 147,098 |
| | 33,938 |
| | 347,055 |
| Stock options | 4,688 |
| | 1,519 |
| | 4,159 |
| | 4,014 |
| Convertible debt | 972,054 |
| | — |
| | — |
| | — |
| Weighted average shares of common stock outstanding used in diluted income per share | 480,598,610 |
| | 440,353,965 |
| | 457,301,623 |
| | 429,738,776 |
| Net income per share attributable to common stockholders—diluted | $ | 0.06 |
| | $ | 0.03 |
| | $ | 0.21 |
| | $ | 0.20 |
| | | | | | | | | Potentially dilutive shares of common stock | | | | | | | | Unvested shares of restricted stock | 181,667 |
| | 271,462 |
| | 121,230 |
| | 393,164 |
| Total | 181,667 |
| | 271,462 |
| | 121,230 |
| | 393,164 |
|
(1) Assumes the most dilutive issuance of potentially issuable shares between the two-class and treasury stock method unless the result would be anti-dilutive. |