Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

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,
	2016			2015
Numerator:
Net income (loss) attributable to common shareholders	$	6,566		$	655
Less: dividends paid on unvested share-based compensation	(121		)	(107		)
Undistributed earnings attributable to share-based compensation	—			—
Net income (loss) available to common shareholders	$	6,445		$	548
Denominator:
Weighted-average number of common shares — basic	71,836,815			71,673,669
Effect of dilutive share-based compensation	474,266			772,560
Weighted-average number of common shares — diluted	72,311,081			72,446,229
Net income (loss) per share available to common shareholders — basic and diluted	$	0.09		$	0.01