Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v3.10.0.1
Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2018 and 2017 were as follows (in thousands, except per share data):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income
$
5,893

 
$
2,813

 
$
19,942

 
$
17,275

Net loss attributable to noncontrolling interests in subsidiaries

 
20

 

 
56

Allocation of earnings to unvested restricted share awards
(144
)
 
(107
)
 
(432
)
 
(291
)
Adjusted net income attributable to the controlling interests
$
5,749

 
$
2,726

 
$
19,510

 
$
17,040

Denominator:
 
 
 
 

 

Weighted average shares outstanding – basic
79,076

 
77,291

 
78,695

 
76,292

Effect of dilutive securities:
 
 
 
 
 
 
 
Operating partnership units
12

 
12

 
12

 
8

Employee restricted share awards
150

 
120

 
95

 
115

Weighted average shares outstanding – diluted
79,238

 
77,423

 
78,802

 
76,415

 
 
 
 
 
 
 
 
Basic net income attributable to the controlling interests per common share
$
0.07

 
$
0.04

 
$
0.25

 
$
0.22

Diluted net income attributable to the controlling interests per common share
$
0.07

 
$
0.04

 
$
0.25

 
$
0.22