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Quarterly Consolidated Financial Information (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2017
Quarterly Consolidated Financial Information (Unaudited) |
Summary of the unaudited quarterly results of operations | The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2017, 2016, and 2015 (in thousands, except per share data).
2017 |  | 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Full Year |
Total revenue |  | $ | 77,946 |  | $ | 67,844 |  | $ | 65,861 |  | $ | 63,189 |  | $ | 274,840 |
Net income attributable to common shareholders |  | $ | 7,839 |  | $ | 5,657 |  | $ | 4,939 |  | $ | 41,864 |  | $ | 60,299 |
Basic earnings per common share |  | $ | 1.28 |  | $ | 0.94 |  | $ | 0.82 |  | $ | 6.87 |  | $ | 9.93 |
Diluted earnings per common share (1) |  | $ | 1.25 |  | $ | 0.92 |  | $ | 0.80 |  | $ | 6.75 |  | $ | 9.69 |
Basic weighted average common shares outstanding |  |  | 6,114 |  |  | 6,036 |  |  | 6,055 |  |  | 6,090 |  |  | 6,074 |
Diluted weighted average common shares outstanding (1) |  |  | 6,240 |  |  | 6,142 |  |  | 6,173 |  |  | 6,201 |  |  | 6,220 |
(1) Diluted earnings per common share and diluted weighted average common shares outstanding have been adjusted to properly exclude the effects of income tax benefits on unvested restricted stock in accordance with ASU 2016-09. The adjustment impacted diluted earnings per common share and diluted weighted average common shares outstanding for the first quarter of 2017 by $0.01 and approximately 23,000 shares, respectively.
2016 |  | 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Full Year |
Total revenue |  | $ | 50,719 |  | $ | 49,618 |  | $ | 51,461 |  | $ | 55,476 |  | $ | 207,274 |
Net income attributable to common shareholders |  | $ | 4,011 |  | $ | 3,366 |  | $ | 3,985 |  | $ | 2,418 |  | $ | 13,780 |
Basic earnings per common share |  | $ | 0.57 |  | $ | 0.50 |  | $ | 0.63 |  | $ | 0.40 |  | $ | 2.10 |
Diluted earnings per common share |  | $ | 0.55 |  | $ | 0.49 |  | $ | 0.62 |  | $ | 0.39 |  | $ | 2.05 |
Basic weighted average common shares outstanding |  |  | 7,149 |  |  | 6,685 |  |  | 6,307 |  |  | 6,149 |  |  | 6,570 |
Diluted weighted average common shares outstanding |  |  | 7,272 |  |  | 6,819 |  |  | 6,448 |  |  | 6,275 |  |  | 6,714 |
2015 |  | 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Full Year |
Total revenue |  | $ | 41,336 |  | $ | 43,810 |  | $ | 57,730 |  | $ | 55,186 |  | $ | 198,062 |
Net income (loss) attributable to common shareholders |  | $ | 1,358 |  | $ | (486) |  | $ | 2,551 |  | $ | 3,037 |  | $ | 6,460 |
Basic earnings (loss) per common share |  | $ | 0.17 |  | $ | (0.06) |  | $ | 0.33 |  | $ | 0.39 |  | $ | 0.83 |
Diluted earnings (loss) per common share |  | $ | 0.17 |  | $ | (0.06) |  | $ | 0.32 |  | $ | 0.38 |  | $ | 0.81 |
Basic weighted average common shares outstanding |  |  | 7,848 |  |  | 7,841 |  |  | 7,839 |  |  | 7,739 |  |  | 7,817 |
Diluted weighted average common shares outstanding |  |  | 8,044 |  |  | 7,841 |  |  | 7,963 |  |  | 7,872 |  |  | 7,987 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1280-108306 + Details
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