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Earnings Per Share
12 Months Ended
Dec. 31, 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 year ended December 31,
 
 
2019
 
2018
 
2017
Numerator:
 
 
 
 
 
 
Net income (loss) attributable to common shareholders
 
$
82,886

 
$
(4,073
)
 
$
83,794

Less: dividends paid on unvested share-based compensation
 
(294
)
 
(332
)
 
(415
)
Net income (loss) available to common shareholders
 
$
82,592

 
$
(4,405
)
 
$
83,379

Denominator:
 
 
 
 
 
 
Weighted-average number of common shares — basic
 
130,471,670

 
74,286,307

 
69,591,973

Effect of dilutive share-based compensation
 
246,636

 

 
392,864

Weighted-average number of common shares — diluted
 
130,718,306

 
74,286,307

 
69,984,837

 
 
 
 
 
 
 
Net income (loss) per share available to common shareholders — basic
 
$
0.63

 
$
(0.06
)
 
$
1.20

Net income (loss) per share available to common shareholders — diluted
 
$
0.63

 
$
(0.06
)
 
$
1.19


For the years ended December 31, 2019, 2018 and 2017, zero, 343,941 and 6,319, 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. 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.