Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

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,
	2017			2016			2015
Numerator:
Net income (loss) attributable to common shareholders	$	83,794		$	46,952		$	68,718
Less: dividends paid on unvested share-based compensation	(415		)	(483		)	(432		)
Net income (loss) available to common shareholders	$	83,379		$	46,469		$	68,286
Denominator:
Weighted-average number of common shares — basic	69,591,973			71,901,499			71,715,870
Effect of dilutive share-based compensation	392,864			471,743			668,419
Weighted-average number of common shares — diluted	69,984,837			72,373,242			72,384,289
Net income (loss) per share available to common shareholders — basic	$	1.20		$	0.65		$	0.95
Net income (loss) per share available to common shareholders — diluted	$	1.19		$	0.64		$	0.94