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Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Reconciliation of basic and diluted earnings per common share
The following is a reconciliation of basic and diluted earnings per common share (in thousands, except share and per-share data):
 
For the three months ended June 30,
 
For the six months ended
June 30,
 
2012
 
2011
 
2012
 
2011
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders
$
5,407

 
$
1,753

 
$
(1,840
)
 
$
(1,838
)
Less: dividends paid on unvested share-based compensation
(83
)
 
(127
)
 
(166
)
 
(254
)
Undistributed earnings attributable to share-based compensation

 

 

 

Net income (loss) available to common shareholders
$
5,324

 
$
1,626

 
$
(2,006
)
 
$
(2,092
)
Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares — basic
52,908,195

 
50,193,672

 
51,959,049

 
45,026,715

Effect of dilutive share-based compensation
19,667

 

 

 

Weighted-average number of common shares — diluted
52,927,862

 
50,193,672

 
51,959,049

 
45,026,715

 
 
 
 
 
 
 
 
Net income (loss) per share available to common shareholders — basic
$
0.10

 
$
0.03

 
$
(0.04
)
 
$
(0.05
)
Net income (loss) per share available to common shareholders — diluted
$
0.10

 
$
0.03

 
$
(0.04
)
 
$
(0.05
)