EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2015

The following table illustrates the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2015 and 2014 (in thousands, except share and per share amounts):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Numerator
Net income attributable to common stockholders	$	15,500	$	14,643	$	46,664	$	17,020

Denominator
Basic weighted average common shares and common equivalents	65,160,290		47,359,949		61,244,991		43,358,620
Dilutive restricted stock units	237,885		517,253		223,612		481,930

Diluted weighted average common shares	65,398,175		47,877,202		61,468,603		43,840,550

Net income attributable to common stockholders, per:

Basic common share	$	0.24	$	0.31	$	0.76	$	0.39

Diluted common share	$	0.24	$	0.31	$	0.76	$	0.39

Certain restricted stock units are considered participating securities because dividend payments are not forfeited even if the underlying award does not vest. Accordingly, the Company uses the two-class method when computing basic and diluted earnings per share. During the three and nine months ended September 30, 2015, approximately 100 and 6,000 restricted stock units, respectively, were not included in computing diluted earnings per share because they were considered anti-dilutive. During the three months ended September 30, 2014, no restricted stock units were considered anti-dilutive. During the nine months ended September 30, 2014, approximately 5,000 restricted stock units were not included in computing diluted earnings per share because they were anti-dilutive. No stock options were considered anti-dilutive during the three and nine months ended September 30, 2014. No stock options were outstanding during the nine months ended September 30, 2015.