EARNINGS PER SHARE ("EPS")
The computations of basic EPS are based on our weighted average shares outstanding. The basic weighted average shares of Common Stock outstanding were 78,871,000 and 96,683,000 for the three months ended June 30, 2017 and 2016, respectively, and 81,445,000 and 97,173,000 for the six months ended June 30, 2017 and 2016, respectively. We had no dilutive securities outstanding for each of the three and six months ended June 30, 2017 and 2016. Outstanding shares of Series A Preferred Stock and Warrants were not included in the computation of diluted EPS for the three and six months ended June 30, 2017 because their impact was deemed to be anti-dilutive. No shares of Series A Preferred Stock or Warrants were outstanding during the three and six months ended June 30, 2016.
EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.
The following table reconciles the numerator and denominator used in computing our basic and diluted per-share computations for net income available to common stockholders for the three and six months ended June 30, 2017 and 2016:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
91,372

 
$
(810
)
 
$
285,307

 
$
25,483

Net income attributable to noncontrolling interests
(9
)
 
(9
)
 
(14
)
 
(12
)
Redeemable preferred stock dividends
(72
)
 

 
(103
)
 

Numerator for basic and diluted net income (loss) from continuing operations available to common stockholders
91,291

 
(819
)
 
285,190

 
25,471

Net income from discontinued operations

 
1,668

 

 
2,358

Numerator for basic and diluted net income available to common stockholders
$
91,291

 
$
849

 
$
285,190

 
$
27,829

Denominator:
 
 
 
 
 
 
 
Basic weighted average shares outstanding
78,871

 
96,683

 
81,445

 
97,173

Effect of dilutive securities—contingently issuable shares and stock options

 

 

 

Diluted weighted average shares and common stock equivalents outstanding
78,871

 
96,683

 
81,445

 
97,173

Basic and diluted net income (loss) available to common stockholders per share:
 
 
 
 
 
 
 
Continuing operations
$
1.16

 
$
(0.01
)
 
$
3.50

 
$
0.26

Discontinued operations
$

 
$
0.02

 
$

 
$
0.02

Net income
$
1.16

 
$
0.01

 
$
3.50

 
$
0.29

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Material Modification to Rights of Security - Nov. 21, 2017
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Filing under Securities Act Rules 163/433 of free writing prospectuses - Nov. 17, 2017
PMC Commercial Trust just filed a paper-based report - Nov. 16, 2017
PMC Commercial Trust Just Received a Notice of Effectiveness - Nov. 16, 2017

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