Earnings Per Share

12 Months Ended

Dec. 31, 2016

EARNINGS PER SHARE

Basic earnings per share (EPS) is based on the weighted average number of common shares outstanding for the period, excluding any dilutive common share equivalents. Diluted EPS reflects the potential dilution resulting from vesting of restricted stock awards. The following table shows the computation of basic and diluted EPS for the years ended December 31, 2016, 2015 and 2014:



	Year Ended December 31,
	2016		2015		2014
Numerator:
Net income attributable to common stockholders	$	5,698	$	27,358	$	41,013

Denominator:
Weighted-average shares outstanding	21,417,486		21,218,233		19,933,652
Effect of dilutive securities	196,957		234,307		112,255
Weighted-average diluted shares	21,614,443		21,452,540		20,045,907

Basic earnings per share	$	0.27	$	1.29	$	2.06
Diluted earnings per share	$	0.26	$	1.28	$	2.05

See Note 19 for additional information on the stock grants related to dilutive securities.