Earnings per share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings per share

11. Earnings per share

Basic income (loss) per share is calculated by dividing the net income (loss) attributable to common shares by the weighted average number of common shares outstanding during the period. Diluted income (loss) per share adjusts basic income (loss) per share for the effects of potentially dilutive common shares.

(in thousands, except per share data)	Three months ended March 31, 2014
Net income available to common stockholders	$	4,198
Weighted average shares outstanding—basic		29,017
Net income per share—basic	$	0.14
Net income	$	5,328
Weighted average shares outstanding—diluted (1)		36,889
Net income per share—diluted	$	0.14

(1) Includes 7,873 units of the Operating Partnership and excludes 231 options to purchase Class A common stock that were antidilutive in the three months ended March 31, 2014.