Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The table below reflects the diluted weighted-average number of common stock shares outstanding using the treasury stock method:

	Three Months Ended March 31,
	2013	2012
Weighted-average shares - basic	16,028,516	10,361,849
Effect of dilutive common stock equivalents:
Restricted stock award 1	86,990	—
Weighted-average shares - diluted	16,115,506	10,361,849

¹ Includes 86,990 shares of restricted common stock awarded on June 14, 2012. See Note 12 for additional information.

The basic and diluted EPS computations are calculated as follows:

	Three Months Ended March 31,
	2013		2012
Basic EPS:
Net income attributable to common shareholders	$	4,351	$	4,748
Weighted average shares outstanding	16,028,516		10,361,849
Basic EPS	$	0.27	$	0.46
Diluted EPS:
Net income attributable to common shareholders	$	4,351	$	4,748
Weighted average shares outstanding	16,028,516		10,361,849
Weighted average dilutive shares	86,990		—
Total Weighted Average Shares	16,115,506		10,361,849
Diluted EPS	$	0.27	$	0.46