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Earnings Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The two class method is used to determine earnings per share because unvested restricted shares and unvested long-term incentive plan units are considered to be participating shares. The following is a reconciliation of the amounts used in calculating basic and diluted net loss per share (in thousands, except share and per share data):
 
For the three months ended
 
For the six months ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
2,176

 
$
1,157

 
$
557

 
$
(574
)
Dividends paid on unvested shares and units
(73
)
 
(70
)
 
(151
)
 
(134
)
Net income (loss) attributable to common shareholders
$
2,103

 
$
1,087

 
$
406

 
$
(708
)
Denominator:
 
 
 
 
 
 
 
Weighted average number of common shares - basic
18,147,108

 
13,810,190

 
17,682,199

 
13,802,588

Effect of dilutive securities:
 
 
 
 
 
 
 
Unvested shares (1)
236,518

 
105,123

 
215,056

 
—

Weighted average number of common shares - diluted
18,383,626

 
13,915,313

 
17,897,255

 
13,802,588

Basic income (loss) per Common Share:
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders per weighted average common share
$
0.12

 
$
0.08

 
$
0.02

 
$
(0.05
)
Diluted income (loss) per Common Share:
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders per weighted average common share
$
0.11

 
$
0.08

 
$
0.02

 
$
(0.05
)
(1)
Unvested restricted shares and unvested long-term incentive plan units that could potentially dilute basic earnings per share in the future were not included in the computation of diluted loss per share, for the periods where a loss has been recorded, because they would have been anti-dilutive for the periods presented.