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Earnings Per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

17. Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

 

     Years Ended December 31,  
     2014      2013      2012  
($ in thousands, except per share amounts)                     

Net Income

    $ 96,965       $ 77,130       $ 37,773   

Noncontrolling interests

      735         (1,940 )       (101 ) 

Allocation of earnings to preferred stockholders

      —          —          (64 ) 
  

 

 

     

 

 

     

 

 

  

Net Income Attributable to Common Stockholders

    $ 97,700       $ 75,190       $ 37,608   
  

 

 

     

 

 

     

 

 

  

Shares:

         

Basic: Weighted-average number of shares outstanding

      9,091         8,188         7,727   

Plus: Incremental shares from assumed conversion of dilutive instruments

      201         245         346   
  

 

 

     

 

 

     

 

 

  

Diluted: Weighted-average number of shares outstanding

      9,292         8,433         8,073   
  

 

 

     

 

 

     

 

 

  

Earnings per share—basic

    $ 10.75       $ 9.18       $ 4.87   

Earnings per share—diluted

    $ 10.51       $ 8.92       $ 4.66   

For the year ended December 31, 2014, there were 6,085 instruments excluded from the above computations of weighted-average shares for diluted EPS because the effect would be anti-dilutive. For the years ended December 31, 2013 and 2012, there were no instruments excluded from the above computations of weighted-average shares for diluted EPS because the effect would be anti-dilutive.