Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings per common share

The following table reconciles the numerators and denominators in the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2020 and 2019.

	Three months ended June 30,				Six months ended June 30,
Earnings Per Share (in thousands, except per share data)	2020		2019		2020		2019
Numerator
Net income attributable to common stockholders	$	17,552	$	12,394	$	79,635	$	18,201
Denominator
Weighted average common shares outstanding — basic	148,663		125,251		148,116		120,015
Effect of dilutive securities(1)
Share-based compensation	364		309		225		291
Shares issuable under forward sales agreements	—		—		—		—
Weighted average common shares outstanding — diluted	149,027		125,560		148,341		120,306
Net income per share — basic and diluted
Net income per share attributable to common stockholders — basic	$	0.12	$	0.10	$	0.54	$	0.15
Net income per share attributable to common stockholders — diluted	$	0.12	$	0.10	$	0.54	$	0.15

(1)During the three and six months ended June 30, 2020 and 2019, there were 190, 186, 220 and 217, unvested shares of restricted common stock, respectively, on a weighted average basis that were not included in the computation of diluted earnings per share because the allocation of income under the two-class method was more dilutive.