Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2015

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 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	)