Earnings per Share (Tables)

6 Months Ended

Jun. 30, 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, and unaudited):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2016	2015	2016	2015
Numerator:
Net income available to common stockholders -- basic	$               5,100	$               4,632	$                10,989	$                  8,714
Effect of net income attributable to noncontrolling interests	707	888	1,677	1,843
Net income available to common stockholders -- diluted	$               5,807	$               5,520	$                12,666	$                10,557
Denominator:
Weighted average shares outstanding -- basic	47,783	36,669	44,538	33,996
Effect of Class A and Class RS partnership units *	6,794	7,063	6,797	7,189
Effect of Class O units and options to purchase Class A common stock on an "as if" converted basis *	998	712	939	683
Weighted average shares outstanding -- diluted	55,575	44,444	52,274	41,868
Net income per share attributable to common stockholders -- basic	$                 0.11	$                 0.13	$0.25	$                    0.26
Net income per share attributable to common stockholders -- diluted	$                 0.10	$                 0.12	$0.24	$                    0.25

* 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.