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Net Income (Loss) Attributable to Controlling Interests Per Common Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Net Income (Loss) Attributable to Controlling Interests Per Common Share
Net Income Attributable to Controlling Interests Per Common Share
 
The following table sets forth the computations of net income per common share (in thousands, except per share data): 
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
Net income attributable to controlling interests
$
277

 
$
1,397

 
$
4,830

 
$
3,364

Denominator:
 

 
 

 
 

 
 

Basic (including unvested share-based payment awards) (1)
13,806

 
13,911

 
13,852

 
13,917

Effect of dilutive stock compensation arrangements (2)
66

 
5

 
71

 
4

Diluted (including unvested share-based payment awards) (1)
13,872

 
13,916

 
13,923

 
13,921

Net income attributable to controlling interests per common share—basic
$
0.02

 
$
0.10

 
$
0.35

 
$
0.24

Net income attributable to controlling interests per common share—diluted
$
0.02

 
$
0.10

 
$
0.35

 
$
0.24


(1)
Shares related to unvested share-based payment awards included in our basic and diluted share counts are 249,665 and 236,107 for the three and six months ended June 30, 2016, respectively, compared to 428,597 and 428,039 for the three and six months ended June 30, 2015, respectively.
(2)
The effect of dilutive stock compensation arrangements is shown only for informational purposes where we are in a net loss position.  In such situations, the effect of including outstanding options and restricted stock would be anti-dilutive, and they are thus excluded from all loss period calculations.
 
For the three and six months ended June 30, 2016 and 2015, there were no shares potentially issuable and thus includible in the diluted net income attributable to controlling interests per common share calculations pursuant to our 5.875% convertible senior notes. However, in future reporting periods during which our closing stock price is above the $24.61 conversion price for the 5.875% convertible senior notes, and depending on the closing stock price at conversion, the maximum potential dilution under the conversion provisions of such notes is 3.6 million shares, which could be included in diluted share counts in net income per common share calculations. See Note 8, “Convertible Senior Notes,” for a further discussion of these convertible securities.