Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings per Share [Abstract]

Summary of Basic and Diluted Earnings Per Share

The computation of basic and diluted net income per share is as follows (in thousands, except per share data):

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2015	2014	2015	2014
Numerator:
Net income available to common stockholders - basic	$               7,009	$               3,157	$             15,723	$             10,445
Effect of net income attributable to noncontrolling interests	1,229	849	3,072	2,810
Net income available to common stockholders - diluted	$               8,238	$               4,006	$             18,795	$             13,255
Denominator:
Weighted average shares outstanding - basic	40,994	29,017	36,355	29,007
Effect of Class A and Class RS partnership units *	6,932	7,797	7,103	7,797
Effect of Class O units and options to purchase Class A common stock on an "as if" converted basis *	807	438	724	236
Weighted average shares outstanding - diluted	48,733	37,252	44,182	37,040
Net income per share attributable to common stockholders - basic	$                 0.17	$                 0.11	$                 0.43	$                 0.36
Net income per share attributable to common stockholders - diluted	$                 0.17	$                 0.11	$                 0.43	$                 0.36

* The Class A units, Class RS units and Class O units represent limited partnership interests in the Operating Partnership, and are described in more detail in Note 8.