Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of the Computation of Basic and Diluted Earnings per Share

The computations of basic and diluted earnings per share for the three and six months ended June 30, 2020 and 2019 were as follows (in thousands, except per share data):


	Three Months Ended June 30,						Six Months Ended June 30, 2019
	2020		2019		2020		2019
Numerator:
Loss from continuing operations	$	(5,406)	$	(6,191)	$	(3,687)	$	(16,634)

Allocation of earnings to unvested restricted share awards to continuing operations	(151)		(133)		(302)		(267)
Adjusted loss from continuing operations attributable to the controlling interests	(5,557)		(6,324)		(3,989)		(16,901)
Adjusted income from discontinued operations	—		7,178		—		13,216


Adjusted net (loss) income attributable to the controlling interests	$	(5,557)	$	854	$	(3,989)	$	(3,685)
Denominator:
Weighted average shares outstanding – basic	82,153		79,934		82,120		79,908
Effect of dilutive securities:
Employee restricted share awards	—		—		—		—
Operating partnership units	—		—		—		—
Weighted average shares outstanding – diluted	82,153		79,934		82,120		79,908
Earnings per common share, basic:
Continuing operations	$	(0.07)	$	(0.08)	$	(0.05)	$	(0.21)
Discontinued operations	—		0.09		—		0.17
Basic net (loss) income attributable to the controlling interests per common share ⁽¹⁾	$	(0.07)	$	0.01	$	(0.05)	$	(0.05)
Earnings per common share, diluted:
Continuing operations	$	(0.07)	$	(0.08)	$	(0.05)	$	(0.21)
Discontinued operations	—		0.09		—		0.17
Diluted net (loss) income attributable to the controlling interests per common share ⁽¹⁾	$	(0.07)	$	0.01	$	(0.05)	$	(0.05)

Dividends declared per common share	$	0.30	$	0.30	$	0.60	$	0.60

______________________________

⁽¹⁾ Earnings per share may not sum due to rounding.