Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Reconciliation of Earnings Attributable to Common Shares Outstanding for the Basic and Diluted EPS

The reconciliation of earnings attributable to Common Shares outstanding for the basic and diluted earnings per share calculation is as follows (in thousands, except per share data):

	One Month Ended July 31, 2014			Seven Months Ended July 31, 2014
Basic
Income (loss) from continuing operations	$	2,400		$	(2,572	)
Loss attributable to non-controlling interest		395			3,764
Preferred dividend of Series D Preferred Shares		(929	)		(6,502	)
Amount allocated to Restricted Common Shares		(11	)		(192	)
Income (loss) from continuing operations applicable to Common Shares		1,855			(5,502	)
Income from discontinued operations		84			11,235
Loss attributable to non-controlling interests from discontinued operations		—			54
Net income applicable to Common Shares for earnings per share purposes	$	1,939		$	5,787
Basic weighted-average Common Shares		35,825			35,821
Income (loss) from continuing operations	$	0.05		$	(0.15	)
Income from discontinued operations		—			0.31
Net income per Common Share - Basic	$	0.05		$	0.16
Diluted
Income (loss) from continuing operations	$	2,400		$	(2,572	)
Loss attributable to non-controlling interest		395			3,764
Preferred dividend of Series D Preferred Shares		(929	)		(6,502	)
Amount allocated to Restricted Common Shares		(11	)		(192	)
Income (loss) from continuing operations applicable to Common Shares		1,855			(5,502	)
Income from discontinued operations		84			11,235
Loss attributable to non-controlling interests from discontinued operations		—			54
Net income applicable to Common Shares for earnings per share purposes	$	1,939		$	5,787
Basic weighted-average Common Shares		35,825			35,821
Restricted Common Shares (1)		150			—
Diluted weighted-average Common Shares		35,975			35,821
Income (loss) from continuing operations	$	0.05		$	(0.15	)
Income from discontinued operations		—			0.31
Net income per Common Share - Diluted	$	0.05		$	0.16

(1) The Trust’s Restricted Common Shares were anti-dilutive for the seven months ended July 31, 2014 and are not included in the weighted-average shares outstanding for the calculation of diluted earnings per Common Share. The Trust’s Restricted Common Shares were dilutive for the one month ended July 31, 2014. The amendments to the Restricted Common Shares discussed in Note 14 had no impact on the calculation of earnings per share for the period presented.