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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings per Share [Abstract]  
Summary of Basic and Diluted Earnings Per Share

Diluted income (loss) per share adjusts basic income (loss) per share for the effects of potentially dilutive common shares.

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

(in thousands, except per share data)

 

September 30, 2014

 

September 30, 2014

Net income available to common stockholders

 

$                          3,157

 

$                         10,445

Weighted average shares outstanding—basic

 

29,017 

 

29,007 

Net income per share—basic

 

$                            0.11

 

$                             0.36

 

 

 

 

 

Net income

 

$                          4,006

 

$                         13,255

Weighted average shares outstanding—diluted (1)

 

37,252 

 

37,040 

Net income per share—diluted

 

$                            0.11

 

$                             0.36

 

 

(1)Includes 8,104 and 7,939 units of the Operating Partnership as of the three and nine months ended September 30, 2014, respectively