Quarterly Operating Results (unaudited) (Tables)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information



	Quarter Ended - 2017
	March 31		June 30		September 30		December 31
	(in thousands, except share and per share data)

Total revenue	$	69,222	$	77,909	$	81,404	$	70,321
Total operating expenses	57,195		67,000		61,044		60,579
Operating income	12,027		10,909		20,360		9,742
Net income attributable to common shareholders	4,613		5,034		14,393		5,438
Income per common share, basic (1)	0.12		0.13		0.36		0.12
Income per common share, diluted (1)	0.12		0.13		0.36		0.12

Weighted average number of common shares outstanding:
Basic	38,361,113		38,525,306		39,298,974		43,205,683
Diluted	38,573,928		38,749,661		39,550,494		43,522,022


	Quarter Ended - 2016
	March 31		June 30		September 30		December 31
	(in thousands, except share and per share data)

Total revenue	$	68,850	$	78,001	$	79,733	$	67,236
Total operating expenses	57,861		59,429		60,275		57,319
Operating income	10,989		18,572		19,458		9,917
Net income attributable to common shareholders	3,300		12,168		13,355		2,660
Income per common share, basic (1)	0.09		0.32		0.35		0.07
Income per common share, diluted (1)	0.08		0.31		0.34		0.07

Weighted average number of common shares outstanding:
Basic	38,274,448		38,299,132		38,307,382		38,315,040
Diluted	38,671,129		38,734,987		38,768,638		38,525,598

(1) The sum of per share amounts for the four quarters may differ from the annual per share amounts due to the required method of computing weighted-average number of common shares outstanding in the respective periods and share offerings that occurred during the year. Unvested restricted shares and unvested LTIP units could potentially dilute basic earnings per share in the future were not included in the computation of diluted loss per share, for the periods where a loss has been recorded, because they would have been anti-dilutive for the periods presented.