Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
Earnings Per Share
 
For the Three Months Ended
 
For the Nine Months Ended
 
September 30, 2014
 
September 30, 2013
 
September 30, 2014
 
September 30, 2013
Net income attributable to CORR Stockholders
$
1,888,418

 
$
439,452

 
$
6,999,485

 
$
2,922,277

Basic and diluted weighted average shares (1)
31,641,851

 
24,151,700

 
31,090,370

 
24,147,163

Basic and diluted earnings per share attributable to CORR Stockholders
$
0.06

 
$
0.02

 
$
0.23

 
$
0.12

(1)
Warrants to purchase shares of common stock were outstanding during the periods reflected in the table above, but were not included in the computation of diluted earnings per share because the warrants’ exercise price was greater than the average market value of the common shares and, therefore, the effect would be anti-dilutive.
The increase in earnings per share for three and nine months ended September 30, 2014 as compared to the three and nine months ended September 30, 2013 is primarily due to an increase in lease revenue from quarterly rent from the Portland Terminal Facility and the increase in financing revenue from the loans to the Black Bison entities.