Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31,
(in thousands, except per share data)	2015	2014
Net income available to common stockholders	$ 4,082	$ 4,198
Weighted average shares outstanding—basic	31,294	29,017
Net income per share—basic	$ 0.13	$ 0.14

Net income	$ 5,037	$ 5,328
Weighted average shares outstanding—diluted (1)	39,209	36,889
Net income per share—diluted	$ 0.13	$ 0.14

(1)

Includes 7,317 Class A and Class RS units, 436 “in the money” value of Class O units on an “as if” converted basis and 216 “in the money” value options to purchase shares of Class A common stock on an “as if” converted basis as of the three months ended March 31, 2015. As of the three months ended March 31, 2014, this amount includes 7,797 Class A and Class RS units, 24 “in the money” value of Class O units on as “as if” converted basis and 52 “in the money” value options to purchase shares of Class A common stock on an “as if” converted basis.