Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v3.8.0.1
Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2018
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, 2018 and 2017 were as follows (in thousands, except per share data):
 
Three Months Ended March 31,
 
2018
 
2017
Numerator:
 
 
 
Net income
$
3,299

 
$
6,615

Net loss attributable to noncontrolling interests in subsidiaries

 
19

Allocation of earnings to unvested restricted share awards
(144
)
 
(78
)
Adjusted net income attributable to the controlling interests
$
3,155

 
$
6,556

Denominator:
 
 
 
Weighted average shares outstanding – basic
78,483

 
74,854

Effect of dilutive securities:
 
 
 
Operating partnership units
12

 

Employee restricted share awards
52

 
112

Weighted average shares outstanding – diluted
78,547

 
74,966

 
 
 
 
Basic net income attributable to the controlling interests per common share
$
0.04

 
$
0.09

Diluted net income attributable to the controlling interests per common share
$
0.04

 
$
0.09