Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Tables)

v3.7.0.1
Earnings per Share of Common Stock (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Common Share

The computation of basic and diluted earnings per common share is as follows:

 

     Three Months Ended March 31,  

Numerator:

   2017     2016  
     (in millions, except share and per share data)  

Net income attributable to controlling shareholders and participating securities

   $ 7.2     $ 3.2  

Less: Dividends paid on participating securities

     (0.6     (0.6

Undistributed earnings attributable to participating securities

     —         —    
  

 

 

   

 

 

 

Net income attributable to controlling stockholders

   $ 6.6     $ 2.6  
  

 

 

   

 

 

 

Denominator:

    

Weighted-average number of common shares — basic

     47,497,107       37,016,210  
  

 

 

   

 

 

 

Weighted-average number of common shares — diluted

     47,497,107       37,016,210  
  

 

 

   

 

 

 

Basic earnings per common share

   $ 0.14     $ 0.07  
  

 

 

   

 

 

 

Diluted earnings per common share

   $ 0.14     $ 0.07  
  

 

 

   

 

 

 

Other Information:

    

Weighted-average number of OP units

     284,992       284,992  
  

 

 

   

 

 

 

Unvested restricted common stock outstanding

     1,551,243       1,866,771  
  

 

 

   

 

 

 

Unvested restricted stock units outstanding

     253,200       0