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Earnings per Common Share
 12 Months Ended
Dec. 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 year ended December 31,
 
2014
 
2013
 
2012
Numerator:
 
 
 
 
 
Net income (loss) attributable to common shareholders
$
47,787

 
$
19,965

 
$
8,254

Less: dividends paid on unvested share-based compensation
(459
)
 
(328
)
 
(310
)
Undistributed earnings attributable to share-based compensation
—

 
—

 
—

Net income (loss) available to common shareholders
$
47,328

 
$
19,637

 
$
7,944

Denominator:
 
 
 
 
 
Weighted-average number of common shares — basic
65,646,712

 
61,498,389

 
55,806,543

Effect of dilutive share-based compensation
617,406

 
338,352

 
148,954

Weighted-average number of common shares — diluted
66,264,118

 
61,836,741

 
55,955,497

 
 
 
 
 
 
Net income (loss) per share available to common shareholders — basic
$
0.72

 
$
0.32

 
$
0.14

Net income (loss) per share available to common shareholders — diluted
$
0.71

 
$
0.32

 
$
0.14


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.