EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2020

Below is a summary of the components used to calculate basic and diluted earnings per share (in thousands, except per share):


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2020		2019		2020		2019
Numerator:
Net (loss) income	$	(52,548)	$	49,069	$	(68,762)	$	61,969
Less: Preferred dividends	(3,709)		(3,709)		(7,418)		(7,418)

Allocation to participating securities	—		(195)		(81)		(218)
Attributable to non-controlling interest in Operating Partnership	96		(112)		133		(135)
Attributable to non-controlling interests in joint venture	2,035		—		2,890		—
Net (loss) income attributable to common stockholders, net of amount allocated to participating securities	$	(54,126)	$	45,053	$	(73,238)	$	54,198
Denominator:
Weighted average common shares outstanding - basic	104,154		103,896		104,075		103,823
Dilutive effect of equity-based compensation awards	—		41		—		65
Weighted average common shares outstanding - diluted	104,154		103,937		104,075		103,888
(Loss) earnings per share:
Basic and diluted	$	(0.52)	$	0.43	$	(0.70)	$	0.52