Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v3.7.0.1
Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share
The computations of basic and diluted earnings per share for the three months ended March 31, 2017 and 2016 were as follows (in thousands, except per share data):
 
Three Months Ended March 31,
 
2017
 
2016
Numerator:
 
 
 
Net income
$
6,615

 
$
2,379

Net loss attributable to noncontrolling interests in subsidiaries
19

 
5

Allocation of earnings to unvested restricted share awards
(78
)
 
(90
)
Adjusted net income attributable to the controlling interests
$
6,556

 
$
2,294

Denominator:
 
 
 
Weighted average shares outstanding – basic
74,854

 
68,301

Effect of dilutive securities:
 
 
 
Employee restricted share awards
112

 
187

Weighted average shares outstanding – diluted
74,966

 
68,488

 
 
 
 
Basic net income attributable to the controlling interests per common share
$
0.09

 
$
0.03

Diluted net income attributable to the controlling interests per common share
$
0.09

 
$
0.03