Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2016

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
	March 31,
	2016	2015
Numerator:
Net income available to common stockholders -- basic	$               5,889	$               4,082
Effect of net income attributable to noncontrolling interests	970	955
Net income available to common stockholders -- diluted	$               6,859	$               5,037
Denominator:
Weighted average shares outstanding -- basic	41,292	31,294
Effect of Class A and Class RS partnership units *	6,801	7,317
Effect of Class O units and options to purchase Class A common stock on an "as if" converted basis *	881	598
Weighted average shares outstanding -- diluted	48,974	39,209
Net income per share attributable to common stockholders -- basic	$                 0.14	$                 0.13
Net income per share attributable to common stockholders -- diluted	$                 0.14	$                 0.13

* 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 7.