Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Reconciliation of Basic and Diluted Earnings Per Common 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