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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 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
 
For the six months ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income attributable to common shareholders
$
5,034

 
$
12,168

 
$
9,647

 
$
15,468

Dividends paid on unvested shares and units
(65
)
 
(48
)
 
(127
)
 
(94
)
Undistributed earnings allocated to unvested shares and units

 

 

 

Net income attributable to common shareholders
$
4,969

 
$
12,120

 
$
9,520

 
$
15,374

Denominator:
 
 
 
 
 
 
 
Weighted average number of common shares - basic
38,525,306

 
38,299,132

 
38,443,663

 
38,286,790

Unvested shares
224,355

 
178,080

 
215,526

 
160,128

Weighted average number of common shares - diluted
38,749,661

 
38,477,212

 
38,659,189

 
38,446,918

Basic income per Common Share:
 
 
 
 
 
 
 
Net income attributable to common shareholders per weighted average basic common share
$
0.13

 
$
0.32

 
$
0.25

 
$
0.40

Diluted income per Common Share:
 
 
 
 
 
 
 
Net income attributable to common shareholders per weighted average diluted common share
$
0.13

 
$
0.31

 
$
0.25

 
$
0.40