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Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings (Loss) Per Share

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the three and nine-month periods ended September 30, 2015 and 2014:

 

 

 

For the Three-Month

Periods Ended September 30

 

 

For the Nine-Month

Periods Ended September 30

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net Income (loss)

 

$

25,636

 

 

$

(58

)

 

$

25,748

 

 

$

2,749

 

(Income) loss allocated to non-controlling interests

 

 

(1,621

)

 

 

2

 

 

 

(1,629

)

 

 

2

 

Net Income (loss) allocable to common shares

 

 

24,015

 

 

 

(56

)

 

 

24,119

 

 

 

2,751

 

Weighted-average shares outstanding—Basic

 

 

33,962,015

 

 

 

24,011,540

 

 

 

32,516,470

 

 

 

19,004,591

 

Weighted-average shares outstanding—Diluted

 

 

33,962,015

 

 

 

24,011,540

 

 

 

32,520,684

 

 

 

19,040,301

 

Earnings (loss) per share—Basic

 

$

0.71

 

 

$

(0.00

)

 

$

0.74

 

 

$

0.14

 

Earnings (loss) per share—Diluted

 

$

0.71

 

 

$

(0.00

)

 

$

0.74

 

 

$

0.14