Earnings Per Share (Tables)

12 Months Ended

Dec. 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 year ended December 31,
	2015			2014			2013
Numerator:
Net income (loss) attributable to common shareholders	$	68,718		$	47,787		$	19,965
Less: dividends paid on unvested share-based compensation	(432		)	(459		)	(328		)
Undistributed earnings attributable to share-based compensation	—			—			—
Net income (loss) available to common shareholders	$	68,286		$	47,328		$	19,637
Denominator:
Weighted-average number of common shares — basic	71,715,870			65,646,712			61,498,389
Effect of dilutive share-based compensation	668,419			617,406			338,352
Weighted-average number of common shares — diluted	72,384,289			66,264,118			61,836,741
Net income (loss) per share available to common shareholders — basic	$	0.95		$	0.72		$	0.32
Net income (loss) per share available to common shareholders — diluted	$	0.94		$	0.71		$	0.32