Earnings Per Share (Tables)

12 Months Ended

Dec. 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 year ended
	December 31,
	2016			2015			2014
Numerator:
Net income	$	31,483		$	32,966		$	66,873
Dividends paid on unvested shares and LTIP units	(189		)	(151		)	(216		)
Undistributed earnings allocated to unvested shares and LTIP units	—			—			(324		)
Net income attributable to common shareholders	$	31,294		$	32,815		$	66,333
Denominator:
Weighted average number of common shares - basic	38,299,067			37,917,871			28,531,094
Effect of dilutive securities:
Unvested shares	183,808			404,414			315,630
Weighted average number of common shares - diluted	38,482,875			38,322,285			28,846,724
Basic income per Common Share:
Net income attributable to common shareholders per weighted average common share	$	0.82		$	0.87		$	2.32
Diluted income per Common Share:
Net income attributable to common shareholders per weighted average common share	$	0.81		$	0.86		$	2.30