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Earnings per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share.

The computations of basic and diluted earnings per share are as follows:
 
 
Quarter Ended
 
 
March 31,
2015
 
March 31,
2014
Operations:
 
 
 
 
Net operating income(a)
 
$
5,070

 
$
4,785

Less:  Amounts allocated to participating securities (nonvested shares and units)(b)
 
209

 
257

Net income attributable to common shareholders
 
$
4,861

 
$
4,528

 
 
 
 
 
Share information:
 
 
 
 
Basic weighted average common shares(c)
 
17,395,659

 
17,246,251

Incremental shares from potential dilutive securities (d)
 
713

 
—

Diluted weighted average common shares
 
17,396,372

 
17,246,251

 
 
 
 
 
Basic earnings per share
 
$
0.28

 
$
0.26

 
 
 
 
 
Diluted earnings per share
 
$
0.28

 
$
0.26


(a) 
Net operating income attributable to all shareholders.
(b) 
Participating securities include 278,900 and 457,064 nonvested restricted shares for the quarters ended March 31, 2015 and 2014, respectively.
(c) 
Under the two-class method, basic weighted average common shares exclude outstanding nonvested, participating securities consisting of restricted share awards of 278,900 and  457,064 for the quarters ended March 31, 2015 and 2014, respectively.
(d) 
Anti-dilutive shares related to stock options totaled 0 and 10,000 for the quarters ended March 31, 2015 and 2014, respectively. There were dilutive shares related to stock options totaling 4,000 and 0 for the quarters ended March 31, 2015 and 2014, respectively. The dilutive shares resulted in potential dilutive securities of 713 and 0 for the quarters ended March 31, 2015 and 2014, respectively.