EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 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 September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net (loss) income	$	(35,775)	$	11,626	$	(104,537)	$	73,595
Less: Preferred dividends	(3,710)		(3,710)		(11,128)		(11,128)

Allocation to participating securities	—		(81)		(81)		(254)
Attributable to non-controlling interest in Operating Partnership	70		(15)		203		(150)
Attributable to non-controlling interests in joint venture	1,159		(77)		4,049		(77)
Net (loss) income attributable to common stockholders, net of amount allocated to participating securities	$	(38,256)	$	7,743	$	(111,494)	$	61,986
Denominator:
Weighted average common shares outstanding - basic	104,200		103,935		104,117		103,861
Dilutive effect of equity-based compensation awards	—		35		—		55
Weighted average common shares outstanding - diluted	104,200		103,970		104,117		103,916
(Loss) earnings per share:
Basic and diluted	$	(0.37)	$	0.07	$	(1.07)	$	0.60