Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Tables)

v2.4.1.9
Earnings per Share of Common Stock (Tables)
3 Months Ended
Mar. 31, 2015
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:

   2015      2014  
     (in thousands, except share and per
share data)
 

Net income attributable to controlling shareholders and participating securities

   $ 2,122       $ 2,753   

Less: Dividends paid on participating securities

     (375      (127

Undistributed earnings attributable to participating securities

     —           —     
  

 

 

    

 

 

 

Net income attributable to controlling shareholders

$ 1,747    $ 2,626   
  

 

 

    

 

 

 

Denominator:

             

Weighted-average number of common shares — basic

     26,386,080         15,892,927   
  

 

 

    

 

 

 

Weighted-average number of common shares — diluted

  26,386,080      16,494,309   
  

 

 

    

 

 

 

Basic earnings per common share

$ 0.07    $ 0.17   
  

 

 

    

 

 

 

Diluted earnings per common share

$ 0.07    $ 0.17