Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,						For the six months ended June 30,
	2016			2015			2016			2015
Numerator:
Net income (loss) attributable to common shareholders	$	69,949		$	20,004		$	76,515		$	20,659
Less: dividends paid on unvested share-based compensation	(120		)	(107		)	(241		)	(215		)
Undistributed earnings attributable to share-based compensation	(185		)	—			(92		)	—
Net income (loss) available to common shareholders	$	69,644		$	19,897		$	76,182		$	20,444
Denominator:
Weighted-average number of common shares — basic	71,922,904			71,735,129			71,879,859			71,696,294
Effect of dilutive share-based compensation	396,880			690,823			493,517			767,125
Weighted-average number of common shares — diluted	72,319,784			72,425,952			72,373,376			72,463,419
Net income (loss) per share available to common shareholders — basic	$	0.97		$	0.28		$	1.06		$	0.29
Net income (loss) per share available to common shareholders — diluted	$	0.96		$	0.27		$	1.05		$	0.28