Earnings Per Share

12 Months Ended

Dec. 31, 2015

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



	Years Ended December 31,
	2015		2014		2013
($ in thousands, except per share amounts)
Net Income	$	30,671	$	96,965	$	77,130
Noncontrolling interests	4,435		735		(1,940		)
Net Income Attributable to Common Stockholders	$	35,106	$	97,700	$	75,190
Shares:
Basic: Weighted-average number of shares outstanding	8,797		9,091		8,188
Plus: Incremental shares from assumed conversion of dilutive instruments	163		201		245
Diluted: Weighted-average number of shares outstanding	8,960		9,292		8,433
Earnings per share—basic	$	3.99	$	10.75	$	9.18
Earnings per share—diluted	$	3.92	$	10.51	$	8.92

For the years ended December 31, 2015 and 2014, there were 1,521 and 6,085 instruments, respectively, excluded from the above computations of weighted-average shares for diluted EPS because the effect would be anti-dilutive. For the year ended December 31, 2013, there were no instruments excluded from the above computations of weighted-average shares for diluted EPS because the effect would be anti-dilutive.