XML 30 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
11.   EARNINGS PER SHARE

The following information sets forth the computations of basic and diluted earnings per common share from continuing operations and discontinued operations held for sale for the years ended December 31, 2015, 2014 and 2013 ($ in thousands, except share and per share data):

 
For the year ended December 31,
 
2015
 
2014
 
2013
Net income from continuing operations, less non-controlling interests
$
27,300


$
22,529


$
12,329

Net income from discontinued operations held for sale, net of income taxes
$
6,985


$
1,867


$
1,437

Divided by:








Basic weighted average shares of common stock outstanding:
28,501,897


28,459,309


18,989,500

Non-vested restricted stock
95,671


125,713


48,652

Diluted weighted average shares of common stock outstanding:
28,597,568


28,585,022


19,038,152

Basic earnings per common share (1):








Net income from continuing operations
$
0.96


$
0.79


$
0.65

Net income from discontinued operations held for sale
$
0.25


$
0.07


$
0.08

Net income
$
1.20


$
0.86


$
0.72

Diluted earnings per common share (1):








Net income from continuing operations
$
0.95


$
0.79


$
0.65

Net income from discontinued operations held for sale
$
0.24


$
0.07


$
0.08

Net income
$
1.20


$
0.85


$
0.72



(1) The Company has considered the impact of the 2015 Convertible Notes and the restricted shares on diluted earnings per common share. The number of shares of common stock that the 2015 Convertible Notes are convertible into were not included in the computation of diluted net income per common share because the inclusion of those shares would have been anti-dilutive for the years ended December 31, 2014 and 2013.