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Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 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 September 30,
 
For the nine months ended September 30,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders
$
31,631

 
$
23,737

 
$
52,290

 
$
38,325

Less: dividends paid on unvested share-based compensation
(109
)
 
(125
)
 
(323
)
 
(375
)
Undistributed earnings attributable to share-based compensation
(45
)
 
(63
)
 

 

Net income (loss) available to common shareholders
$
31,477

 
$
23,549

 
$
51,967

 
$
37,950

Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares — basic
71,735,129

 
64,859,494

 
71,709,380

 
64,133,134

Effect of dilutive share-based compensation
716,181

 
486,694

 
783,533

 
480,315

Weighted-average number of common shares — diluted
72,451,310

 
65,346,188

 
72,492,913

 
64,613,449

 
 
 
 
 
 
 
 
Net income (loss) per share available to common shareholders — basic
$
0.44

 
$
0.36

 
$
0.72

 
$
0.59

Net income (loss) per share available to common shareholders — diluted
$
0.43

 
$
0.36

 
$
0.72

 
$
0.59