| Schedule of outstanding options |
The following is a summary of the changes in the Company’s outstanding options for the six months ended June 30, 2017:
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|
|
|
|
|
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|
|
|
|
Number of Options |
|
Weighted Average Strike Price |
|
Weighted Average Life Remaining (in years) |
Balance at December 31, 2016 |
5,126,906 |
|
|
$ |
2.79 |
|
|
|
Expired |
(116,330 |
) |
|
13.13 |
|
|
|
Balance at June 30, 2017 |
5,010,576 |
|
|
$ |
2.55 |
|
|
6.09 |
|
|
|
|
|
|
Exercisable at June 30, 2017 |
3,858,081 |
|
|
$ |
2.58 |
|
|
6.11 |
|
| Schedule of outstanding options summary |
As of June 30, 2017, the Company’s outstanding options were summarized as follows:
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|
|
|
|
|
|
|
Issued in 2011 and thereafter |
Held by the Manager |
|
3,857,748 |
|
Issued to the Manager and subsequently transferred to certain of the Manager’s employees |
|
1,152,495 |
|
Issued to the independent directors |
|
333 |
|
Total |
|
5,010,576 |
|
Weighted average strike price |
|
$ |
2.55 |
|
|
| Schedule of amounts used in computing basic and diluted EPS |
The following table shows the amounts used in computing basic and diluted EPS:
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|
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|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
2017 |
|
2016 |
|
2017 |
|
2016 |
Numerator for basic and diluted earnings per share: |
|
|
|
|
|
|
|
(Loss) Income from continuing operations after preferred dividends and noncontrolling interests |
$ |
(6,101 |
) |
|
$ |
1,651 |
|
|
$ |
(20,450 |
) |
|
$ |
73,675 |
|
(Loss) Income Applicable to Common Stockholders |
$ |
(6,101 |
) |
|
$ |
1,651 |
|
|
$ |
(20,450 |
) |
|
$ |
73,675 |
|
|
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
|
|
Denominator for basic earnings per share - weighted average shares |
66,874,155 |
|
|
66,681,248 |
|
|
66,858,155 |
|
|
66,667,923 |
|
Effect of dilutive securities |
|
|
|
|
|
|
|
Options |
— |
|
|
2,218,267 |
|
|
— |
|
|
1,924,283 |
|
Denominator for diluted earnings per share - adjusted weighted average shares |
66,874,155 |
|
|
68,899,515 |
|
|
66,858,155 |
|
|
68,592,206 |
|
|
|
|
|
|
|
|
|
Basic earnings per share: |
|
|
|
|
|
|
|
(Loss) Income from continuing operations per share of common stock, after preferred dividends and noncontrolling interests |
$ |
(0.09 |
) |
|
$ |
0.02 |
|
|
$ |
(0.31 |
) |
|
$ |
1.11 |
|
|
|
|
|
|
|
|
|
(Loss) Income Applicable to Common Stock, per share |
$ |
(0.09 |
) |
|
$ |
0.02 |
|
|
$ |
(0.31 |
) |
|
$ |
1.11 |
|
|
|
|
|
|
|
|
|
Diluted earnings per share: |
|
|
|
|
|
|
|
(Loss) Income from continuing operations per share of common stock, after preferred dividends and noncontrolling interests |
$ |
(0.09 |
) |
|
$ |
0.02 |
|
|
$ |
(0.31 |
) |
|
$ |
1.07 |
|
|
|
|
|
|
|
|
|
(Loss) Income Applicable to Common Stock, per share |
$ |
(0.09 |
) |
|
$ |
0.02 |
|
|
$ |
(0.31 |
) |
|
$ |
1.07 |
|
|