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Earnings per Common Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings per Common Share
Earnings per Common Share

The following is a summary of the elements used in calculating basic and diluted earnings per common share for the three and nine months ended September 30, 2013 and 2012:
For the Three Months Ended September 30,
 
2013

2012
Net income attributable to Maiden common shareholders
 
$
21,904

 
$
21,919

  Amount allocated to participating common shareholders (1)
 
(29
)
 
—

Net income allocated to Maiden common shareholders
 
$
21,875

 
$
21,919

 
 
 
 
 
Weighted average number of common shares outstanding – basic
 
72,552,022

 
72,270,052

Potentially dilutive securities:
 
 
 
 
Share options and restricted share units
 
1,385,872

 
868,909

Weighted average number of common shares outstanding – diluted
 
73,937,894

 
73,138,961

Basic earnings per share attributable to Maiden common shareholders:
 
$
0.30

 
$
0.30

Diluted earnings per share attributable to Maiden common shareholders:
 
$
0.30

 
$
0.30



For the Nine Months Ended September 30,
 
2013
 
2012
Net income attributable to Maiden common shareholders
 
$
67,095

 
$
56,837

  Amount allocated to participating common shareholders (1)
 
(88
)
 
—

Net income allocated to Maiden common shareholders
 
$
67,007

 
$
56,837

 
 
 
 
 
Weighted average number of common shares outstanding – basic
 
72,475,087

 
72,251,711

Potentially dilutive securities:
 
 
 
 
Share options and restricted share units
 
1,249,281

 
836,822

Weighted average number of common shares outstanding – diluted
 
73,724,368

 
73,088,533

Basic earnings per share attributable to Maiden common shareholders:
 
$
0.92

 
$
0.79

Diluted earnings per share attributable to Maiden common shareholders:
 
$
0.91

 
$
0.78


(1) This represents earnings allocated to the holders of non-vested restricted shares issued to Company's employees under the 2007 Share Incentive Plan.

As of September 30, 2013, 1,611,272 share options (September 30, 2012 - 2,082,608) were excluded from the calculation of diluted earnings per common share as they were anti-dilutive.