XML 70 R18.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Earnings per share | 12 Months Ended
--- | ---
Dec. 31, 2013
Earnings Per Share [Abstract] |
Earnings per share | Note 11. Earnings per share The following table reflects the computation of net loss per share on a basic and diluted basis for the years ended December 31, 2013 and 2012 (in thousands, except share information):
|  | Years ended December 31, |  |  | Period from June 23, 2011 to |
|  | 2013 |  |  | 2012 |  |  | December 31, 2011 |
Income / loss (numerator): |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (20,074 | ) |  | $ | (10,236 | ) |  | $ | (42 | )
Income from discontinued operations |  |  | 1,008 |  |  |  | — |  |  |  | — |
Noncontrolling interest |  |  | 13,245 |  |  |  | — |  |  |  | — |
Dividends on preferred shares |  |  | 1,160 |  |  |  | — |  |  |  | — |
Conversion of preferred units |  |  | 10,456 |  |  |  | — |  |  |  | — |
Net loss attributable to common shareholders |  | $ | (43,927 | ) |  | $ | (10,236 | ) |  | $ | (42 | )
Weighted-average shares (denominator): |  |  |  |  |  |  |  |  |  |  |  |
Class A common shares issued in formation transactions |  |  | 3,301,000 |  |  |  | 3,301,000 |  |  |  | 3,301,000 |
Class B common shares issued in formation transactions |  |  | 667 |  |  |  | 667 |  |  |  | 667 |
Class A common shares issued in 2012 Offering |  |  | 35,362,998 |  |  |  | 3,923,845 |  |  |  | — |
Class A common shares issued in 2013 Offering |  |  | 37,502,997 |  |  |  | — |  |  |  | — |
Class B common shares issued in connection with 2,770 Property Contribution |  |  | 533,598 |  |  |  | — |  |  |  | — |
Class A common shares issued to members of board of trustees |  |  | 6,802 |  |  |  | — |  |  |  | — |
Class A common shares issued in settlement of subscription agreement |  |  | 309,708 |  |  |  | — |  |  |  | — |
Class A common shares issued in connection with Alaska Joint Venture Acquisition |  |  | 24,373,470 |  |  |  | — |  |  |  | — |
Class A common shares issued in connection with IPO |  |  | 17,888,799 |  |  |  | — |  |  |  | — |
Class A common shares issued in connection with 2013 Concurrent Private Placements |  |  | 1,900,685 |  |  |  | — |  |  |  | — |
Class A common shares issued in connection with IPO over-allotment exercise |  |  | 2,411,362 |  |  |  | — |  |  |  | — |
Total weighted-average shares |  |  | 123,592,086 |  |  |  | 7,225,512 |  |  |  | 3,301,667 |
Net loss per share- basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (0.37 | ) |  | $ | (1.42 | ) |  | $ | (0.01 | )
Income from discontinued operations |  |  | 0.01 |  |  |  | — |  |  |  | — |
Net loss per share- basic and diluted |  | $ | (0.36 | ) |  | $ | (1.42 | ) |  | $ | (0.01 | )
The Company accounted for the issuance of 3,301,000 Class A common shares and 667 Class B common shares associated with the initial contribution by the Sponsor in December 2012, as a formation transaction and has reflected these shares outstanding as of the earliest period presented. Total weighted average shares for the years ended December 31, 2013 and 2012 shown above excludes an aggregate of 63,873,266 and 4,719,493 of shares or units in our Operating Partnership (see Note 7), respectively, the subscription agreement (see Note 7), and stock options (see Note 7) because they were antidilutive and not related to the formation of the Company. Due to the inherent complexity of the accompanying consolidated financial statements as a result of the transactions completed between entities under common control (see Note 9), management does not consider the historical net loss per share computations to be meaningful.

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration