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Earnings per Common Share (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic earnings per share (“EPS”):
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In thousands, except per share data)
Income (loss) from continuing operations
$
61,112

 
$
66,895

 
$
(2,412
)
Net (income) loss from continuing operations attributable to noncontrolling interest
(1,448
)
 
(1,786
)
 
48

Preferred share dividends and conversion costs
(6,701
)
 
(7,338
)
 
(7,250
)
Allocation of continuing income to restricted share awards
(354
)
 
(336
)
 
(180
)
Net income (loss) available to common shareholders
$
52,609

 
$
57,435

 
$
(9,794
)
 
 
 
 
 
 
Weighted average shares outstanding, Basic
79,236

 
78,848

 
72,118

 
 
 
 
 
 
Earnings (loss) per common share, Basic
$
0.66

 
$
0.73

 
$
(0.14
)
 
 
 
 
 
 

 The following table sets forth the computation of diluted EPS:
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In thousands, except per share data)
Income (loss) from continuing operations
$
61,112

 
$
66,895

 
$
(2,412
)
Net (income) loss from continuing operations attributable to noncontrolling interest
(1,448
)
 
(1,786
)
 
48

Preferred share dividends and conversion costs
(6,701
)
 
(7,338
)
 
(7,250
)
Allocation of continuing income to restricted share awards
(354
)
 
(336
)
 
(180
)
Net income (loss) available to common shareholders
$
52,609

 
$
57,435

 
$
(9,794
)
 
 
 
 
 
 
Weighted average shares outstanding, Basic
79,236

 
78,848

 
72,118

Stock options and restricted share awards using the treasury method (1)
199

 
187

 
—

Weighted average shares outstanding, Diluted (2)(3)
79,435

 
79,035

 
72,118

 
 
 
 
 
 
Earnings (loss) per common share, Diluted
$
0.66

 
$
0.73

 
$
(0.14
)
 
 
 
 
 
 
 
(1) 
For the year ended December 31, 2014 stock options and restricted stock awards are anti-dilutive and accordingly, have been excluded from the weighted average common shares used to compute diluted EPS.
(2) 
The assumed conversion of preferred shares are anti-dilutive for all periods presented and accordingly, have been excluded from the weighted average common shares used to compute diluted EPS.
(3) 
The effect of the conversion of Common OP Units is not reflected in the computation of basic and diluted earnings per share, as they are exchangeable for Common Shares on a one-for-one basis. The income allocable to such units is allocated on this same basis and reflected as noncontrolling interests in the accompanying consolidated financial statements. As such, the assumed conversion of these units would have no net impact on the determination of diluted earnings per share