Quarterly report pursuant to Section 13 or 15(d)

EQUITY AND EARNINGS PER SHARE (Tables)

v2.4.1.9
EQUITY AND EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2015
Stockholders' Equity Note [Abstract]  
Schedule of outstanding options

The following is a summary of the changes in Newcastle's outstanding options for the three months ended March 31, 2015:

 
Number of Options
 
Weighted Average Strike Price
 
Weighted Average Life Remaining (in years)
Outstanding at December 31, 2014
5,500,599

 
$
4.26

 
 
Granted

 

 
 
Exercised

 

 
 
Expired
54,999

 
14.92

 
 
Forfeited

 

 
 
Outstanding at March 31, 2015
5,445,600

 
$
4.15

 
7.7
 
 
 
 
 
 
Exercisable at March 31, 2015
3,824,013

 
$
3.82

 
7.1
Schedule of outstanding options summary
As of March 31, 2015, Newcastle’s outstanding options were summarized as follows:
 
Issued Prior to 2011
 
Issued in 2011 and thereafter
 
Total
Held by the Manager
114,479

 
4,833,961

 
4,948,440

Issued to the Manager and subsequently transferred to certain of the Manager's employees
30,182

 
466,645

 
496,827

Issued to the independent directors
333

 

 
333

Total
144,994

 
5,300,606

 
5,445,600

Weighted average strike price
$
14.62

 
$
3.86

 
$
4.15

 
Schedule of amounts used in computing basic and diluted EPS
The following table shows the amounts used in computing basic and diluted EPS:
 
 
Three Months Ended March 31,
 
 
2015
 
2014
Numerator for basis and diluted earnings per share:
 
 
 
 
(Loss) Income from continuing operations after preferred dividends and noncontrolling interests
 
$
(2,207
)
 
$
18,822

Income (loss) from discontinued operations, net of tax
 
115

 
(15,299
)
(Loss) Income Applicable to Common Stockholders
 
$
(2,092
)
 
$
3,523

 
 
 
 
 
Denominator:
 
 
 
 
Denominator for basic earnings per share - weighted average shares
 
66,425

 
58,576

Effect of dilutive securities
 
 
 
 
Options
 

 
1,936

Denominator for diluted earnings per share - adjusted weighted average shares
 
66,425

 
60,512

 
 
 
 
 
Basic earnings per share:
 
 
 
 
(Loss) Income from continuing operations per share of common stock,
after preferred dividends and noncontrolling interests
 
$
(0.03
)
 
$
0.32

Income (loss) from discontinued operations per share of common
stock
 
$

 
$
(0.26
)
(Loss) Income Applicable to Common Stock, per share
 
$
(0.03
)
 
$
0.06

 
 
 
 
 
Diluted earnings per share:
 
 
 
 
(Loss) Income from continuing operations per share of common stock,
after preferred dividends and noncontrolling interests
 
$
(0.03
)
 
$
0.31

Income (loss) from discontinued operations per share of common
stock
 
$

 
$
(0.26
)
(Loss) Income Applicable to Common Stock, per share
 
$
(0.03
)
 
$
0.06