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)
9 Months Ended
Sep. 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
September 30,
    Nine Months Ended
September 30,
 

Numerator:

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

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

   $ 2,564      $ 1,842      $ 8,145      $ (3,129

Less: Dividends paid on participating securities

     (203     (44     (534     (44

Undistributed earnings attributable to participating securities

     —          (38     —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to controlling shareholders

   $ 2,361      $ 1,760      $ 7,611      $ (3,173
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

                        

Weighted-average number of common shares — basic

     21,774,411        15,795,118        19,235,121        15,642,629   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average number of common shares — diluted

     21,774,411        15,795,118        19,235,121        15,642,629   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income per share attributable to common shares — basic

   $ 0.11      $ 0.11      $ 0.40      $ (0.20
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income per share attributable to common shares — diluted

   $ 0.11      $ 0.11      $ 0.40      $ (0.20