Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings per Share

Summary of components used to calculate basic and diluted earnings per share

A summary of the components used to calculate basic and diluted earnings per share follows (in thousands, except per share):

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2014			2013			2014		2013
Numerator:
Income from continuing operations	$	8,339		$	2,830		$	20,487	$	10,481
Less: Preferred dividends	4,147			4,147			12,441		10,443
Allocation to participating securities	27			21			68		52
Attributable to noncontrolling interest	51			211			99		326
Income (loss) from continuing operations attributable to common stockholders	4,114			(1,549		)	7,879		(340		)
Income (loss) from discontinued operations attributable to common stockholders	(58		)	(3,258		)	275		(2,398		)
Net income (loss) attributable to common stockholders	$	4,056		$	(4,807	)	$	8,154	$	(2,738	)
Denominator:
Weighted average common shares outstanding - basic	85,303			68,157			85,192		65,460
Dilutive effect of equity-based compensation awards	613			457			512		394
Weighted average common shares outstanding - diluted	85,916			68,614			85,704		65,854
Earnings per common share - basic and diluted:
Net income (loss) from continuing operations	$	0.05		$	(0.02	)	$	0.09	$	(0.01	)
Net income (loss) from discontinued operations	—			(0.05		)	0.01		(0.03		)
Net income (loss)	$	0.05		$	(0.07	)	$	0.10	$	(0.04	)