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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
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,
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income attributable to common shareholders
$
13,387

 
$
5,034

 
$
16,233

 
$
9,647

Dividends paid on unvested shares and units
(85
)
 
(65
)
 
(170
)
 
(127
)
Undistributed earnings allocated to unvested shares and units

 

 

 

Net income attributable to common shareholders
$
13,302

 
$
4,969

 
$
16,063

 
$
9,520

Denominator:
 
 
 
 
 
 
 
Weighted average number of common shares - basic
45,867,625

 
38,525,306

 
45,811,023

 
38,443,663

Unvested shares
217,063

 
224,355

 
195,538

 
215,526

Weighted average number of common shares - diluted
46,084,688

 
38,749,661

 
46,006,561

 
38,659,189

Basic income per Common Share:
 
 
 
 
 
 
 
Net income attributable to common shareholders per weighted average basic common share
$
0.29

 
$
0.13

 
$
0.35

 
$
0.25

Diluted income per Common Share:
 
 
 
 
 
 
 
Net income attributable to common shareholders per weighted average diluted common share
$
0.29

 
$
0.13

 
$
0.35

 
$
0.25