XML 37 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
EARNINGS PER COMMON SHARE
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE
The following table illustrates the computation of basic and diluted earnings per share for the three and six months ended June 30, 2016 and 2015 (in thousands, except share and per share amounts):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Numerator
 
 
 
 
 
 
 
 
Net income attributable to common stockholders
 
$
34,915

 
$
14,275

 
$
16,643

 
$
31,164

 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
Basic weighted average common shares and common equivalents
 
65,303,057

 
59,323,799

 
65,274,845

 
59,254,895

Dilutive restricted stock units
 
200,326

 
219,982

 
179,492

 
255,269

 
 
 
 
 
 
 
 
 
Diluted weighted average common shares
 
65,503,383

 
59,543,781

 
65,454,337

 
59,510,164

 
 
 
 
 
 
 
 
 
Net income attributable to common stockholders, per:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic common share
 
$
0.53

 
$
0.24

 
$
0.25

 
$
0.53

 
 
 
 
 
 
 
 
 
Diluted common share
 
$
0.53

 
$
0.24

 
$
0.25

 
$
0.52


During the three and six months ended June 30, 2016, approximately 24,200 and 31,200 restricted stock units, respectively, were not included in computing diluted earnings per share because they were considered anti-dilutive. During the three and six months ended June 30, 2015, approximately 10,700 and 11,000 restricted stock units, respectively, were not included because they were considered anti-dilutive.