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Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2014
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,
 
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders
$
23,737

 
$
11,315

 
$
38,325

 
$
15,129

Less: dividends paid on unvested share-based compensation
(125
)
 
(81
)
 
(375
)
 
(242
)
Undistributed earnings attributable to share-based compensation
(63
)
 
(11
)
 

 

Net income (loss) available to common shareholders
$
23,549

 
$
11,223

 
$
37,950

 
$
14,887

Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares — basic
64,859,494

 
61,179,524

 
64,133,134

 
61,086,834

Effect of dilutive share-based compensation
486,694

 
168,339

 
480,315

 
192,418

Weighted-average number of common shares — diluted
65,346,188

 
61,347,863

 
64,613,449

 
61,279,252

 
 
 
 
 
 
 
 
Net income (loss) per share available to common shareholders — basic
$
0.36

 
$
0.18

 
$
0.59

 
$
0.24

Net income (loss) per share available to common shareholders — diluted
$
0.36

 
$
0.18

 
$
0.59

 
$
0.24