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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2013
EARNINGS PER SHARE  
Schedule of net income per common share

 

 

 

 

Quarter Ended

 

 

 

March 31,

 

(In thousands, except per share amounts)

 

2013

 

2012

 

Net income

 

  $

6,882

 

  $

1,884

 

Less: net income attributable to noncontrolling interest

 

99

 

125

 

Net income attributable to common shareholders before allocation of earnings to participating securities

 

6,783

 

1,759

 

Less: earnings allocated to participating securities

 

132

 

65

 

Net income attributable to common shareholders

 

  $

6,651

 

  $

1,694

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding

 

39,755

 

29,689

 

 

 

 

 

 

 

Net income per common share attributable to common shareholders - basic and diluted

 

  $

0.17

 

  $

0.06