Earnings Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share

Earnings Per Share

13. Earnings Per Share

Basic income (loss) per share is calculated by dividing the net income (loss) attributable to common shares by the weighted average number of common shares outstanding during the period. Diluted income (loss) per share adjusts basic income (loss) per share for the effects of potentially dilutive common shares, if the effect is not antidilutive. Potentially dilutive common shares consist of shares issuable under our equity-based compensation plan and Operating Partnership units.

						For the period September
	Twelve Months Ended December 31,					28, 2010 through
	2012		2011			December 31, 2010
Net income (loss) attributable to common shares	$	4,608	$	(4,611	)	$	(3,351	)
Weighted average common shares outstanding - basic	20,537,946		19,609,375			19,458,605
Effect of potentially dilutive common shares:
Stock options	211,222		—			—
Unvested restricted awards	243,122		—			—
Weighted average common shares outstanding - diluted	20,992,290		19,609,375			19,458,605
Net income (loss) per share attributable to common shares
Basic	$	0.22	$	(0.24	)	$	(0.17	)
Diluted	$	0.22	$	(0.24	)	$	(0.17	)

In the calculations above, we have excluded potentially dilutive securities of 153,972, 1,341,282 and 782,992 for the year ended December 31, 2012, 2011, and for the period from September 28, 2010, to December 31, 2010, respectively, as their effect would have been antidilutive.