Equity and Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Dividends Declared

Dividend and dividend equivalent information for the quarters ended March 31, 2017 and 2016 is detailed below:

Dividend and Dividend Equivalent Information (per Share and Unit)
Declaration date	Payment date	Declared		Paid		Total payment
2017
February 15, 2017	March 24, 2017	$	0.04	$	0.04	$	688
2016
March 7, 2016	April 14, 2016	$	0.08	$	0.08	$	1,378

Schedule of Earnings Per Share, Basic and Diluted

The computations of basic and diluted earnings per share for the quarters ended March 31, 2017 and 2016 are as follows:

	Quarter Ended
	March 31, 2017		March 31, 2016
Operations:
Net income(a)	$	8,678	$	7,059
Income attributable to participating securities(b)	250		270
Net income attributable to common shareholders	$	8,428	$	6,789
Share information:
Basic and diluted weighted average common shares(c)	16,712,578		16,607,074
Basic and diluted earnings per share	$	0.50	$	0.41

^(a)  Net income attributable to all shareholders.

^(b)  At March 31, 2017 and 2016, participating securities included 497,491 and 537,337 nonvested restricted stock units, respectively, and 0 and 128,500 nonvested shares of restricted stock, respectively.

^(c)  Under the two-class method, weighted average common shares at March 31, 2017 and 2016, exclude nonvested, participating securities of 497,491 and  665,837, respectively.