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Earnings per Common Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
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,
 
2013
 
2012
 
2013
 
2012
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders
$
11,315

 
$
7,462

 
$
15,129

 
$
5,622

Less: dividends paid on unvested share-based compensation
(81
)
 
(83
)
 
(242
)
 
(249
)
Undistributed earnings attributable to share-based compensation
(11
)
 
—

 
—

 
—

Net income (loss) available to common shareholders
$
11,223

 
$
7,379

 
$
14,887

 
$
5,373

Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares — basic
61,179,524

 
58,714,055

 
61,086,834

 
54,227,155

Effect of dilutive share-based compensation
168,339

 
46,279

 
192,418

 
87,314

Weighted-average number of common shares — diluted
61,347,863

 
58,760,334

 
61,279,252

 
54,314,469

 
 
 
 
 
 
 
 
Net income (loss) per share available to common shareholders — basic
$
0.18

 
$
0.13

 
$
0.24

 
$
0.10

Net income (loss) per share available to common shareholders — diluted
$
0.18

 
$
0.13

 
$
0.24

 
$
0.10


The LTIP units held by the non-controlling interest holders have been excluded from the denominator of the diluted earnings per share as there would be no effect on the amounts since the limited partners' share of income (loss) would also be added or subtracted to derive at net income (loss) available to common shareholders.