Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table presents a reconciliation of the earnings (loss) and shares used in calculating basic and diluted earnings (loss) per share for the three and six months ended June 30, 2017 and 2016:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(in thousands, except share data)
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
8,658

 
$
(16,981
)
 
$
80,643

 
$
(105,911
)
Net income attributable to noncontrolling interest
40

 
—

 
40

 
—

Net income (loss) attributable to Two Harbors Investment Corp.
8,618

 
(16,981
)
 
80,603

 
(105,911
)
Dividends on preferred stock
4,285

 
—

 
4,285

 
—

Net income (loss) attributable to common stockholders
$
4,333

 
$
(16,981
)
 
$
76,318

 
$
(105,911
)
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding
346,149,870

 
344,336,995

 
345,902,838

 
345,267,094

Weighted average restricted stock shares
2,796,465

 
3,260,960

 
2,853,351

 
3,249,891

Basic and diluted weighted average shares outstanding
348,946,335

 
347,597,955

 
348,756,189

 
348,516,985

Basic and Diluted Earnings (Loss) Per Share
$
0.01

 
$
(0.05
)
 
$
0.22

 
$
(0.30
)


For the three and six months ended June 30, 2017, 28,838,119 common shares related to the assumed conversion of the Company’s convertible senior notes were antidilutive and excluded from the calculation of diluted earnings (loss) per share.