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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2015
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 June 30,

 

Six Months Ended June 30,

(in thousands, except per share data)

 

2015

 

2014

 

2015

 

2014

Net income available to common stockholders

 

$               4,632

 

$               3,090

 

$               8,714

 

$               7,288

Weighted average shares outstanding—basic

 

36,669 

 

29,017 

 

33,996 

 

29,001 

Net income per share—basic

 

$                 0.13

 

$                 0.11

 

$                 0.26

 

$                 0.25

 

 

 

 

 

 

 

 

 

Net income

 

$               5,520

 

$               3,921

 

$             10,557

 

$               9,249

Weighted average shares outstanding—diluted (1)

 

44,444 

 

37,010 

 

41,868 

 

36,934 

Net income per share—diluted

 

$                 0.12

 

$                 0.11

 

$                 0.25

 

$                 0.25

 

 

 

(1)

Includes 7,063 Class A and Class RS units, 492 “in the money” value of Class O units on an “as if” converted basis and 220 “in the money” value of options to purchase shares of Class A common stock on an “as if” converted basis as of the three months ended June 30, 2015, and 7,189 Class A and Class RS units, 464 “in the money” value of Class O units on an “as if” converted basis and 218 “in the money” value of options to purchase shares of Class A common stock on an “as if” converted basis as of the six months ended June 30, 2015.  As of the three months ended June 30, 2014, this amount included 7,797 Class A and Class RS units, 89 “in the money” value of Class O units on as “as if” converted basis and 107 “in the money” value options to purchase shares of Class A common stock on an “as if” converted basis, and as of the six months ended June 30, 2014, this amount included 7,797 Class A and Class RS units, 57 “in the money” value of Class O units on an “as if” converted basis and 79 “in the money” value options to purchase shares of Class A common stock on as “as if” converted basis.