XML 17 R19.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Earnings Per Share
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
The following table is a reconciliation of the income or loss (numerator) and the weighted average shares (denominator) used in the calculation of basic and diluted earnings per common share. The computation of basic and diluted earnings per share is presented below.

Twelve Months Ended December 31,

2019
 
2018
 
2017
NUMERATOR:
 
 
 
 
 
Basic and Diluted*
 
 
 
 
 
Net (Loss) Income
$
(5,847
)
 
$
8,365

 
$
104,940

Loss (Income) allocated to Noncontrolling Interests
2,178

 
1,625

 
(5,072
)
Distributions to Preferred Shareholders
(24,174
)
 
(24,174
)
 
(24,169
)
Dividends Paid on Unvested Restricted Shares and LTIP Units
(981
)
 
(740
)
 
(341
)
Extinguishment of Issuance Costs Upon Redemption of Series B Preferred Shares
—

 
—

 
—

Net (Loss) Income from Continuing Operations attributable to Common Shareholders
$
(28,824
)
 
$
(14,924
)
 
$
75,358


 
 
 
 
 
DENOMINATOR:
 
 
 
 
 
Weighted average number of common shares - basic
38,907,894

 
39,383,763

 
41,423,804

Effect of dilutive securities:
 
 
 
 
 
Restricted Stock Awards and LTIP Units (unvested)
—

 
—

 
216,225

Contingently Issued Shares and Units
—

 
—

 
416,402

Weighted average number of common shares - diluted
38,907,894

 
39,383,763

 
42,056,431

*
Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common Units and Vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact.  In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) applicable to common shareholders.