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Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings per common share
The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data):
 
 
For the three months ended September 30,
 
For the nine months ended September 30,
 
2013
 
2012
 
2013
 
2012
Numerator:
 

 
 

 
 

 
 

Net income attributable to common shareholders before discontinued operations
$
33,290

 
$
15,917

 
$
80,089

 
$
28,568

Add: Income (loss) from discontinued operations
3,179

 
(721
)
 
5,387

 
(1,000
)
Net income attributable to common shareholders
36,469

 
15,196

 
85,476

 
27,568

Less: Dividends paid on unvested restricted shares
(216
)
 
(183
)
 
(712
)
 
(594
)
Less: Undistributed earnings attributable to unvested restricted shares
(97
)
 

 
(86
)
 

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
$
36,156

 
$
15,013

 
$
84,678

 
$
26,974

Denominator:
 

 
 

 
 

 
 

Weighted-average number of common shares - basic
121,594,219

 
105,453,978

 
116,697,417

 
105,392,071

Unvested restricted shares
249,029

 
55,126

 
212,672

 
54,140

Unvested performance units
906,873

 

 
887,581

 

Weighted-average number of common shares - diluted
122,750,121

 
105,509,104

 
117,797,670

 
105,446,211

 
 
 
 
 
 
 
 
Net income per share attributable to common shareholders before discontinued operations - basic
$
0.27

 
$
0.15

 
$
0.68

 
$
0.27

Discontinued operations
0.03

 
(0.01
)
 
0.05

 
(0.01
)
Net income per share attributable to common shareholders - basic
$
0.30

 
$
0.14

 
$
0.73

 
$
0.26

 
 
 
 
 
 
 
 
Net income per share attributable to common shareholders before discontinued operations - diluted
$
0.27

 
$
0.15

 
$
0.67

 
$
0.27

Discontinued operations
0.03

 
(0.01
)
 
0.05

 
(0.01
)
Net income per share attributable to common shareholders - diluted
$
0.30

 
$
0.14

 
$
0.72

 
$
0.26