The computations of basic and diluted earnings per share are as follows:



	Quarter Ended				Year to Date Ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Operations:
Net operating income^(a)	$	7,871	$	5,099	$	12,941	$	9,884
Less: Amounts allocated to participating securities (nonvested shares and units)^(b)	293		218		484		423
Net income attributable to common shareholders	$	7,578	$	4,881	$	12,457	$	9,461

Share information:
Basic weighted average common shares^(c)	17,400,359		17,277,225		17,398,022		17,261,824
Incremental shares from potential dilutive securities ^(d)	795		—		755		—
Diluted weighted average common shares	17,401,154		17,277,225		17,398,777		17,261,824

Basic and diluted earnings per share	$	0.44	$	0.28	$	0.72	$	0.55

Diluted earnings per share	$	0.44	$	0.28	$	0.72	$	0.55


^(a)	Net operating income attributable to all shareholders.


^(b)	Participating securities include 248,100 and 303,664 nonvested restricted shares at June 30, 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 248,100 and 303,664 at June 30, 2015 and 2014, respectively.

^(d)

Anti-dilutive shares related to stock options totaled 0 and 10,000 for the quarters ended June 30, 2015 and 2014, respectively, and 0 and 10,000 for the year to date periods ended June 30, 2015 and 2014. There were dilutive shares related to stock options totaling 4,000 and 0 for the quarters ended June 30, 2015 and 2014, respectively, and 4,000 and 0 for the year to date periods ended June 30, 2015 and 2014, respectively. The dilutive shares resulted in potential dilutive securities of 795 and 0 for the quarters ended June 30, 2015 and 2014, respectively, and 755 and 0 for the year to date periods ended June 30, 2015 and 2014, respectively.