Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Reconciliation of Amounts Used in Calculating Basic and Diluted Net Income (Loss) Per Share

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 three months ended
	March 31,
	2016			2015
Numerator:
Net income attributable to common shareholders	$	3,300		$	1,411
Dividends paid on unvested shares and units	(46		)	(43		)
Net income attributable to common shareholders	$	3,254		$	1,368
Denominator:
Weighted average number of common shares - basic	38,274,448			37,018,039
Effect of dilutive securities:
Unvested shares	396,681			304,239
Weighted average number of common shares - diluted	38,671,129			37,322,278
Basic income per Common Share:
Net income attributable to common shareholders per weighted average basic common share	$	0.09		$	0.04
Diluted income per Common Share:
Net income attributable to common shareholders per weighted average diluted common share	$	0.08		$	0.04