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Earnings per Common Share
 3 Months Ended
Mar. 31, 2015
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,
 
2015
 
2014
Numerator:
 
 
 
Net income (loss) attributable to common shareholders
$
655

 
$
(2,003
)
Less: dividends paid on unvested share-based compensation
(107
)
 
(125
)
Undistributed earnings attributable to share-based compensation
—

 
—

Net income (loss) available to common shareholders
$
548

 
$
(2,128
)
Denominator:
 
 
 
Weighted-average number of common shares — basic
71,673,669

 
63,762,930

Effect of dilutive share-based compensation
772,560

 
—

Weighted-average number of common shares — diluted
72,446,229

 
63,762,930

 
 
 
 
Net income (loss) per share available to common shareholders — basic
$
0.01

 
$
(0.03
)
Net income (loss) per share available to common shareholders — diluted
$
0.01

 
$
(0.03
)

For the three months ended March 31, 2014, 344,962 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.