Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

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,
	2018			2017
Numerator:
Net income (loss) attributable to common shareholders	$	20,386		$	10,011
Less: dividends paid on unvested share-based compensation	(83		)	(104		)
Net income (loss) available to common shareholders	$	20,303		$	9,907
Denominator:
Weighted-average number of common shares — basic	68,876,444			71,610,994
Effect of dilutive share-based compensation	331,604			281,826
Weighted-average number of common shares — diluted	69,208,048			71,892,820
Net income (loss) per share available to common shareholders — basic	$	0.29		$	0.14
Net income (loss) per share available to common shareholders — diluted	$	0.29		$	0.14