XML 40 R18.htm IDEA: XBRL DOCUMENT
v3.5.0.2

EARNINGS PER SHARE | 6 Months Ended
--- | ---
Jun. 30, 2016
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE We apply the two-class method of computing earnings per share, which requires the calculation of separate earnings per share amounts for our non-vested time-based restricted stock awards with non-forfeitable dividends and for our common stock. Our non-vested time-based restricted stock awards with non-forfeitable rights to dividends are considered securities which participate in undistributed earnings with common stock. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. Our non-vested time-based restricted stock awards with non-forfeitable dividends do not have such an obligation so they are not allocated losses. Below is a summary of the components used to calculate basic and diluted earnings per share (in thousands, except per share):
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
|  | 2016 |  | 2015 |  | 2016 |  | 2015
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 21,955 |  |  | $ | 16,301 |  |  | $ | 70,689 |  |  | $ | 26,892 |
Less: Preferred dividends |  | (4,147 | ) |  | (4,147 | ) |  | (8,294 | ) |  | (8,294 | )
Allocation to participating securities |  | (51 | ) |  | (38 | ) |  | (80 | ) |  | (60 | )
Attributable to non-controlling interest |  | (90 | ) |  | (97 | ) |  | (339 | ) |  | (154 | )
Net income attributable to common stockholders, net of amount allocated to participating securities |  | $ | 17,667 |  |  | $ | 12,019 |  |  | $ | 61,976 |  |  | $ | 18,384 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding - basic |  | 86,433 |  |  | 85,831 |  |  | 86,396 |  |  | 85,768 |
Dilutive effect of equity-based compensation awards |  | 922 |  |  | 1,177 |  |  | 868 |  |  | 1,179 |
Weighted average common shares outstanding - diluted |  | 87,355 |  |  | 87,008 |  |  | 87,264 |  |  | 86,947 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.20 |  |  | $ | 0.14 |  |  | $ | 0.72 |  |  | $ | 0.21 |
Diluted |  | $ | 0.20 |  |  | $ | 0.14 |  |  | $ | 0.71 |  |  | $ | 0.21 |
All outstanding stock options were included in the computation of diluted earnings per share for the three and six months ended June 30, 2016 and 2015 due to their dilutive effect.

X
- References No definition available. + 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 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: 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 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=64863997&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=65016374&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=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration