Quarterly report pursuant to Section 13 or 15(d)

EQUITY AND EARNINGS PER SHARE (Tables)

v3.2.0.727
EQUITY AND EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Schedule of outstanding options
The following is a summary of the changes in Newcastle's outstanding options for the six months ended June 30, 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
178,740

 
1.00

 
 
Exercised

 

 
 
Expired
54,999

 
14.92

 
 
Forfeited

 

 
 
Outstanding at June 30, 2015
5,624,340

 
$
2.79

 
7.28
 
 
 
 
 
 
Exercisable at June 30, 2015
4,505,630

 
$
2.58

 
6.80
Schedule of outstanding options summary
As of June 30, 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

 
5,001,443

 
5,115,922

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

 
477,903

 
508,085

Issued to the independent directors
333

 

 
333

Total
144,994

 
5,479,346

 
5,624,340

Weighted average strike price
$
13.18

 
$
2.51

 
$
2.79

Schedule of amounts used in computing basic and diluted EPS
Newcastle is required to present both basic and diluted earnings per share (“EPS”). The following table shows the amounts used in computing basic and diluted EPS:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Numerator for basis and diluted earnings per share:
 
 
 
 
 
 
 
Income from continuing operations after preferred dividends and noncontrolling interests
$
16,495

 
$
39,036

 
$
14,288

 
$
57,858

Income (loss) from discontinued operations, net of tax
524

 
(8,504
)
 
639

 
(23,803
)
Income Applicable to Common Stockholders
$
17,019

 
$
30,532

 
$
14,927

 
$
34,055

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share - weighted average shares
66,427

 
58,600

 
66,426

 
58,588

Effect of dilutive securities
 
 
 
 
 
 
 
Options
2,778

 
1,877

 
2,630

 
1,906

Denominator for diluted earnings per share - adjusted weighted average shares
69,205

 
60,477

 
69,055

 
60,494

 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
Income from continuing operations per share of common stock, after preferred dividends and noncontrolling interests
$
0.25

 
$
0.67

 
$
0.22

 
$
0.99

Income (loss) from discontinued operations per share of common stock
$
0.01

 
$
(0.15
)
 
$
0.01

 
$
(0.41
)
Income Applicable to Common Stock, per share
$
0.26

 
$
0.52

 
$
0.22

 
$
0.58

 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
Income from continuing operations per share of common stock, after preferred dividends and noncontrolling interests
$
0.24

 
$
0.65

 
$
0.21

 
$
0.96

Income (loss) from discontinued operations per share of common stock
$
0.01

 
$
(0.15
)
 
$
0.01

 
$
(0.41
)
Income Applicable to Common Stock, per share
$
0.25

 
$
0.50

 
$
0.22

 
$
0.56