Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Summary of Significant Accounting Policies

Schedule of contract assets and liabilities

Trade receivables and contract liabilities consisted of the following (in thousands):

	March 31,		December 31,
	2021		2020
	(unaudited)
Trade receivables, net (1)	$	7,336	$	8,110
Contract liabilities (2)	$	16,985	$	16,815

(1) Trade receivables are included in accounts receivable, net on the accompanying consolidated balance sheets.

(2) Contract liabilities consist of advance deposits and are included in either other current liabilities or other liabilities on the accompanying consolidated balance sheets.

Schedule of computation of basic and diluted (loss) earnings per common share

The following table sets forth the computation of basic and diluted loss per common share (unaudited and in thousands, except per share data):

	Three Months Ended March 31,
	2021		2020
Numerator:
Net loss	$	(55,287)	$	(162,519)
Loss from consolidated joint venture attributable to noncontrolling interest		1,975		458
Preferred stock dividends		(3,207)		(3,207)
Distributions paid on unvested restricted stock compensation		—		(69)
Numerator for basic and diluted loss attributable to common stockholders	$	(56,519)	$	(165,337)
Denominator:
Weighted average basic and diluted common shares outstanding		214,438		221,036
Basic and diluted loss attributable to common stockholders per common share	$	(0.26)	$	(0.75)