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

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

December 31,

 

    

2016

    

2015

    

2014

Numerator:

 

 

 

 

 

 

 

 

 

Net income available to common stockholders - basic

 

$

21,525

 

$

20,326

 

$

15,072

Effect of net income attributable to noncontrolling interests

 

 

3,160

 

 

3,803

 

 

4,031

Net income available to common stockholders - diluted

 

$

24,685

 

$

24,129

 

$

19,103

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

46,206

 

 

37,568

 

 

29,055

Effect of Class A and Class RS partnership units *

 

 

6,783

 

 

7,029

 

 

7,770

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

 

 

973

 

 

756

 

 

309

Weighted average shares outstanding - diluted

 

 

53,962

 

 

45,353

 

 

37,134

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to common stockholders - basic

 

$

0.47

 

$

0.54

 

$

0.52

Net income per share attributable to common stockholders - diluted

 

$

0.46

 

$

0.53

 

$

0.51