Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

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,
	2017			2016
Numerator:
Net income attributable to common shareholders	$	21,758		$	25,298
Less: Dividends paid on unvested restricted shares	(282		)	(413		)
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	21,476		$	24,885
Denominator:
Weighted-average number of common shares - basic	123,734,173			123,739,823
Unvested restricted shares	107,227			402,001
Weighted-average number of common shares - diluted	123,841,400			124,141,824
Net income per share attributable to common shareholders - basic	$	0.17		$	0.20
Net income per share attributable to common shareholders - diluted	$	0.17		$	0.20