Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2017 and 2016 were as follows (in thousands, except per share data):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Numerator:
Net income	$	2,813		$	79,662		$	17,275		$	113,862
Net loss attributable to noncontrolling interests in subsidiaries	20			12			56			32
Allocation of earnings to unvested restricted share awards	(107		)	(200		)	(291		)	(329		)
Adjusted net income attributable to the controlling interests	$	2,726		$	79,474		$	17,040		$	113,565
Denominator:
Weighted average shares outstanding – basic	77,291			73,994			76,292			71,348
Effect of dilutive securities:
Operating partnership units	12			—			8			—
Employee restricted share awards	120			139			115			172
Weighted average shares outstanding – diluted	77,423			74,133			76,415			71,520
Basic net income attributable to the controlling interests per common share	$	0.04		$	1.07		$	0.22		$	1.59
Diluted net income attributable to the controlling interests per common share	$	0.04		$	1.07		$	0.22		$	1.59