Annual report pursuant to Section 13 and 15(d)

Earnings per Share of Common Stock (Tables)

v3.3.1.900
Earnings per Share of Common Stock (Tables)
12 Months Ended
Dec. 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:

 

     Year ended December 31,  

Numerator:

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

Net income attributable to controlling shareholders and participating securities

   $ 8.0       $ 9.6   

Less: Dividends paid on participating securities

     (1.4      (0.8

Undistributed earnings attributable to participating securities

     —           —     
  

 

 

    

 

 

 

Net income attributable to controlling shareholders

   $ 6.6       $ 8.8   
  

 

 

    

 

 

 

Denominator:

             

Weighted-average number of common shares—basic

     30,761,151         20,656,826   
  

 

 

    

 

 

 

Weighted-average number of common shares—diluted

     30,761,151         20,656,826   
  

 

 

    

 

 

 

Basic earnings per common share

   $ 0.21       $ 0.43   
  

 

 

    

 

 

 

Diluted earnings per common share

   $ 0.21       $ 0.43   
  

 

 

    

 

 

 

Other Information:

             

Weighted-average number of OP units

     294,884         342,648   
  

 

 

    

 

 

 

Unvested restricted common stock outstanding

     1,248,069         964,820