EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Summary of components used to calculate basic and diluted earnings per share

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

	2020		2019		2018
Numerator:
Net (loss) income	$	(149,245)	$	82,348	$	91,126
Less: Preferred dividends	(14,838)		(14,838)		(16,671)
Premium on redemption of preferred stock	—		—		(3,277)
Allocation to participating securities	(81)		(309)		(271)
Attributable to non-controlling interest in Operating Partnership	271		(157)		(205)
Attributable to non-controlling interest in joint venture	5,635		419		—
Net (loss) income attributable to common stockholders, net of amount allocated to participating securities	$	(158,258)	$	67,463	$	70,702
Denominator:
Weighted average common shares outstanding - basic	104,141		103,887		103,623
Dilutive effect of equity-based compensation awards	—		52		219
Weighted average common shares outstanding - diluted	104,141		103,939		103,842
(Loss) earnings per share:
Basic and diluted	$	(1.52)	$	0.65	$	0.68