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Earnings per share (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Computation of Net Loss per Share on Basic and Diluted Basis

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