Earnings Per Share (Tables)

12 Months Ended

Dec. 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 year ended December 31,
	2016			2015			2014
Numerator:
Net income (loss) attributable to common shareholders	$	46,952		$	68,718		$	47,787
Less: dividends paid on unvested share-based compensation	(483		)	(432		)	(459		)
Net income (loss) available to common shareholders	$	46,469		$	68,286		$	47,328
Denominator:
Weighted-average number of common shares — basic	71,901,499			71,715,870			65,646,712
Effect of dilutive share-based compensation	471,743			668,419			617,406
Weighted-average number of common shares — diluted	72,373,242			72,384,289			66,264,118
Net income (loss) per share available to common shareholders — basic	$	0.65		$	0.95		$	0.72
Net income (loss) per share available to common shareholders — diluted	$	0.64		$	0.94		$	0.71