Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31,
	2016			2015
Numerator:
Net income attributable to common shareholders	$	25,298		$	47,850
Less: Dividends paid on unvested restricted shares	(413		)	(279		)
Less: Undistributed earnings attributable to unvested restricted shares	—			(27		)
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	24,885		$	47,544
Denominator:
Weighted-average number of common shares - basic	123,739,823			131,272,611
Unvested restricted shares	402,001			281,980
Unvested performance units	—			731,951
Weighted-average number of common shares - diluted	124,141,824			132,286,542
Net income per share attributable to common shareholders - basic	$	0.20		$	0.36
Net income per share attributable to common shareholders - diluted	$	0.20		$	0.36