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Earnings per Common Share (Tables)
 9 Months Ended
Sep. 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 September 30,
 
For the nine months ended
September 30,
 
2012
 
2011
 
2012
 
2011
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders
$
7,462

 
$
2,825

 
$
5,622

 
$
987

Less: dividends paid on unvested share-based compensation
(83
)
 
(127
)
 
(249
)
 
(381
)
Undistributed earnings attributable to share-based compensation
—

 
—

 
—

 
—

Net income (loss) available to common shareholders
$
7,379

 
$
2,698

 
$
5,373

 
$
606

Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares — basic
58,714,055

 
50,771,355

 
54,227,155

 
46,962,639

Effect of dilutive share-based compensation
46,279

 
—

 
87,314

 
—

Weighted-average number of common shares — diluted
58,760,334

 
50,771,355

 
54,314,469

 
46,962,639

 
 
 
 
 
 
 
 
Net income (loss) per share available to common shareholders — basic
$
0.13

 
$
0.05

 
$
0.10

 
$
0.01

Net income (loss) per share available to common shareholders — diluted
$
0.13

 
$
0.05

 
$
0.10

 
$
0.01