Earnings per share

6 Months Ended

Jun. 30, 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.

	Three months ended June 30, 2014		Six months ended June 30, 2014
(in thousands, except per share data)
Net income available to common stockholders	$	3,090	$	7,288
Weighted average shares outstanding—basic		29,017		29,001
Net income per share—basic	$	0.11	$	0.25
Net income	$	3,921	$	9,249
Weighted average shares outstanding— diluted (1)		37,010		36,934
Net income per share—diluted	$	0.11	$	0.25

(1) Includes 7,997 and 7,873 units of the Operating Partnership as of the three months and six months ended June 30, 2014, respectively.