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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 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):

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

For the period October 15, 2013

 

 

December 31,

 

through

 

 

2015

 

2014

 

December 31, 2013

Numerator:

 

 

 

 

 

 

    Net income available to common stockholders - basic

 

$                20,326

 

$                15,072

 

$                                       3,154

    Effect of net income attributable to noncontrolling interests

 

3,803 

 

4,031 

 

848 

    Net income available to common stockholders - diluted

 

$                24,129

 

$                19,103

 

$                                       4,002

Denominator:

 

 

 

 

 

 

    Weighted average shares outstanding - basic

 

37,568 

 

29,055 

 

28,973 

    Effect of Class A and Class RS partnership units *

 

7,029 

 

7,770 

 

7,797 

    Effect of Class O units and options to purchase Class A common stock on an "as if" converted basis *

 

756 

 

309 

 

24 

    Weighted average shares outstanding - diluted

 

45,353 

 

37,134 

 

36,794 

 

 

 

 

 

 

 

    Net income per share attributable to common stockholders - basic

 

$                    0.54

 

$                    0.52

 

$                                         0.11

    Net income per share attributable to common stockholders - diluted

 

$                    0.53

 

$                    0.51

 

$                                         0.11

 

*

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.