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