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Earnings Per Share
 12 Months Ended
Dec. 31, 2015
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 LTIP units are considered to be participating shares. Unvested restricted shares, unvested long-term incentive plan units and unvested Class A Performance units that could potentially dilute basic earnings per share in the future would not be 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. The following is a reconciliation of the amounts used in calculating basic and diluted net income per share (in thousands, except share and per share data):
 
For the year ended
 
December 31,
 
2015
 
2014
 
2013
Numerator:
 
 
 
 
 
Net income
$
32,966

 
$
66,873

 
$
2,982

Dividends paid on unvested shares and LTIP units
(151
)
 
(216
)
 
(294
)
Undistributed earnings allocated to unvested shares and LTIP units
$
—

 
$
(324
)
 
$
—

Net income attributable to common shareholders
$
32,815

 
$
66,333

 
$
2,688

Denominator:
 
 
 
 
 
Weighted average number of common shares - basic
37,917,871

 
28,531,094

 
21,035,892

Effect of dilutive securities:
 
 
 
 
 
Unvested shares
404,414

 
315,630

 
247,939

Weighted average number of common shares - diluted
38,322,285

 
28,846,724

 
21,283,831

Basic income per Common Share:
 
 
 
 
 
Net income attributable to common shareholders per weighted average common share
$
0.87

 
$
2.32

 
$
0.13

Diluted income per Common Share:
 
 
 
 
 
Net income attributable to common shareholders per weighted average common share
$
0.86

 
$
2.30

 
$
0.13