Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Tables)

v3.4.0.3
Earnings per Share of Common Stock (Tables)
 3 Months Ended
Mar. 31, 2016
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:

    2016      2015  
    

(in millions, except share and

per share data)

  

Net income attributable to controlling shareholders and participating securities

    $ 3.2       $ 2.1   

Less: Dividends paid on participating securities

      (0.6 )       (0.4 ) 

Undistributed earnings attributable to participating securities

      —           —     
  

 

 

     

 

 

  

Net income attributable to controlling shareholders

    $ 2.6       $ 1.7   
  

 

 

     

 

 

  

Denominator:

              

Weighted-average number of common shares — basic

      37,016,210         26,386,080   
  

 

 

     

 

 

  

Weighted-average number of common shares — diluted

      37,016,210         26,386,080   
  

 

 

     

 

 

  

Basic earnings per common share

    $ 0.07       $ 0.07   
  

 

 

     

 

 

  

Diluted earnings per common share

    $ 0.07       $ 0.07   
  

 

 

     

 

 

  

Other Information:

      

Weighted-average number of OP units

      284,992         325,110   
  

 

 

     

 

 

  

Unvested restricted common stock outstanding

      1,866,771         1,520,286