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Earnings per Common Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
Earnings Per 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 March 31,
 
2014
 
2013
Numerator:
 
 
 
Net income (loss) attributable to common shareholders
$
(2,003
)
 
$
(4,916
)
Less: dividends paid on unvested share-based compensation
(125
)
 
(79
)
Undistributed earnings attributable to share-based compensation
—

 
—

Net income (loss) available to common shareholders
$
(2,128
)
 
$
(4,995
)
Denominator:
 
 
 
Weighted-average number of common shares — basic
63,762,930

 
60,996,196

Effect of dilutive share-based compensation
—

 
—

Weighted-average number of common shares — diluted
63,762,930

 
60,996,196

 
 
 
 
Net income (loss) per share available to common shareholders — basic
$
(0.03
)
 
$
(0.08
)
Net income (loss) per share available to common shareholders — diluted
$
(0.03
)
 
$
(0.08
)


For the three months ended March 31, 2014 and 2013, 344,962 and 130,130 unvested service condition restricted shares and performance based equity awards were excluded from diluted weighted-average common shares, as their effect would have been anti-dilutive. 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 net income (loss) available to common shareholders.