Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Tables)

v2.4.0.8
Earnings per Share of Common Stock (Tables)
6 Months Ended
Jun. 30, 2014
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 June 30,     Six Months Ended June 30,  

Numerator:

   2014     2013     2014     2013  
     (in thousands, except share and per share data)  

Net income (loss) attributable to controlling shareholders and participating securities

   $ 2,828      $ (4,972   $ 5,581      $ (4,972

Less: Dividends paid on participating securities

     (214     —          (348     —     

Undistributed earnings attributable to participating securities

     —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to controlling shareholders

   $ 2,614      $ (4,972   $ 5,233      $ (4,972
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

                        

Weighted-average number of common shares—basic

     19,973,393        15,439,311        17,944,432        15,439,311   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average number of common shares—diluted

     19,973,393        15,439,311        17,944,432        15,439,311   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income per share attributable to common shares—basic

   $ 0.13      $ (0.32   $ 0.29      $ (0.32
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income per share attributable to common shares—diluted

   $ 0.13      $ (0.32   $ 0.29      $ (0.32