Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

We have outstanding stock options and unvested restricted shares, and our Operating Partnership has outstanding common OP units, convertible A-1 preferred OP units, convertible A-3 preferred OP units and Aspen preferred OP Units, which, if converted or exercised, will impact dilution. 

Computations of basic and diluted earnings per share from continuing operations were as follows (in thousands, except per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
Numerator	2014		2013		2014		2013
Net income attributable to common stockholders	$	4,928	$	1,035	$	12,774	$	6,779
Denominator
Weighted average common shares outstanding	40,331		35,479		38,413		32,954
Weighted average unvested restricted stock outstanding	648		408		647		377
Basic weighted average common shares and unvested restricted stock outstanding	40,979		35,887		39,060		33,331
Add: dilutive securities	14		20		15		17
Diluted weighted average common shares and securities	40,993		35,907		39,075		33,348
Earnings per share available to common stockholders:
Basic	$	0.12	$	0.03	$	0.33	$	0.20
Diluted	$	0.12	$	0.03	$	0.33	$	0.20

We excluded certain securities from the computation of diluted earnings per share because the inclusion of these securities would have been anti-dilutive for the periods presented.  The following table presents the outstanding securities that were excluded from the computation of diluted earnings per share as of June 30, 2014 and 2013 (amounts in thousands):

	As of June 30,
	2014	2013
Common OP units	2,069	2,069
Series A-1 preferred OP units	438	455
Series A-3 preferred OP units	40	40
Aspen preferred OP units	1,325	1,325
Total securities	3,872	3,889