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Earnings Per Share
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following is a reconciliation of basic and diluted earnings per common share (in thousands, except share and per-share data):
 
For the three months ended September 30,
 
For the nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders
$
21,752

 
$
25,769

 
$
71,482

 
$
100,234

Less: dividends paid on unvested share-based compensation
(74
)
 
(83
)
 
(220
)
 
(249
)
Undistributed earnings attributable to share-based compensation
—

 
—

 
—

 
(67
)
Net income (loss) available to common shareholders
$
21,678

 
$
25,686

 
$
71,262

 
$
99,918

Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares — basic
130,484,956

 
68,912,185

 
130,467,193

 
68,900,402

Effect of dilutive share-based compensation
137,174

 
343,673

 
223,149

 
366,696

Weighted-average number of common shares — diluted
130,622,130

 
69,255,858

 
130,690,342

 
69,267,098

 
 
 
 
 
 
 
 
Net income (loss) per share available to common shareholders — basic
$
0.17

 
$
0.37

 
$
0.55

 
$
1.45

Net income (loss) per share available to common shareholders — diluted
$
0.17

 
$
0.37

 
$
0.55

 
$
1.44


For the three and nine months ended September 30, 2019, 128,563 and 37,137, respectively, of unvested service condition restricted shares and performance-based equity awards were excluded from diluted weighted-average common shares, as their effect would have been anti-dilutive. There were zero and 4,212 unvested service condition restricted shares and performance-based equity awards excluded from diluted weighted-average common shares for the three and nine months ended September 30, 2018, respectively, as their effect would have been anti-dilutive. The LTIP and OP units held by the non-controlling interest holders have been excluded from the denominator of the diluted earnings per share as there would be no effect on the amounts since the limited partners' share of income (loss) would also be added or subtracted to derive net income (loss) available to common shareholders.