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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Reconciliation of Amounts Used in Calculating Basic and Diluted Net Income (Loss) Per Share
The following is a reconciliation of the amounts used in calculating basic and diluted net income per share (in thousands, except share and per share data):
 
For the three months ended
 
March 31,
 
2017
 
2016
Numerator:
 
 
 
Net income attributable to common shareholders
$
4,613

 
$
3,300

Dividends paid on unvested shares and units
(42
)
 
(46
)
Net income attributable to common shareholders
$
4,571

 
$
3,254

Denominator:
 
 
 
Weighted average number of common shares - basic
38,361,113

 
38,274,448

Effect of dilutive securities:
 
 
 
Unvested shares
212,815

 
138,906

Weighted average number of common shares - diluted
38,573,928

 
38,413,354

Basic income per Common Share:
 
 
 
Net income attributable to common shareholders per weighted average basic common share
$
0.12

 
$
0.09

Diluted income per Common Share:
 
 
 
Net income attributable to common shareholders per weighted average diluted common share
$
0.12

 
$
0.08