Earnings Per Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2020 and 2019.

	Three months ended September 30,				Nine months ended September 30,
Earnings Per Share (in thousands, except per share data)	2020		2019		2020		2019
Numerator
Net income attributable to common stockholders	$	22,386	$	9,533	$	102,021	$	27,734
Denominator
Weighted average common shares outstanding — basic	148,997		127,272		148,412		122,460
Effect of dilutive securities(1)
Share-based compensation	675		178		375		254
Shares issuable under forward sales agreements	233		19		78		6
Weighted average common shares outstanding — diluted	149,905		127,469		148,865		122,720
Net income per share — basic and diluted
Net income per share attributable to common stockholders — basic	$	0.15	$	0.07	$	0.69	$	0.23
Net income per share attributable to common stockholders — diluted	$	0.15	$	0.07	$	0.69	$	0.23

(1)During the three and nine months ended September 30, 2020 and 2019, there were 189, 187, 220 and 218, 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.