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Net (Loss) Income Per Share
6 Months Ended
Jun. 30, 2017
Entity Information [Line Items]  
Net (Loss) Income Per Share
NET INCOME PER SHARE
Basic net income per share is computed by dividing net income available to common shareholders by the weighted-average number of shares of the Corporation’s unrestricted common stock outstanding. Diluted net income per share is computed by dividing net income available to common shareholders, as adjusted for potentially dilutive securities, by the weighted-average number of shares of the Corporation’s unrestricted common stock outstanding plus other potentially dilutive securities. Dilutive securities include certain equity-based awards issued under long-term incentive plans (see Note 13) and are included in the calculation, provided that the inclusion of such securities is not anti-dilutive.
The calculations of basic and diluted net income per share, including a reconciliation of the numerators and denominators, are as follows (in thousands, except per share data):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income available to Extended Stay America, Inc. common shareholders - basic
$
51,775

 
$
60,729

 
$
74,876

 
$
77,775

Loss attributable to noncontrolling interests assuming conversion
8

 

 
14

 

Net income available to Extended Stay America, Inc. common shareholders - diluted
$
51,783

 
$
60,729

 
$
74,890

 
$
77,775

Denominator:
 
 
 
 
 
 
 
Weighted average number of Extended Stay America, Inc. common shares outstanding - basic
193,409

 
201,600

 
193,959

 
202,955

Dilutive securities
535

 
89

 
413

 
74

Weighted average number of Extended Stay America, Inc. common shares outstanding - diluted
193,944

 
201,689

 
194,372

 
203,029

Net income per Extended Stay America, Inc. common share - basic
$
0.27

 
$
0.30

 
$
0.39

 
$
0.38

Net income per Extended Stay America, Inc. common share - diluted
$
0.27

 
$
0.30

 
$
0.39

 
$
0.38

ESH REIT  
Entity Information [Line Items]  
Net (Loss) Income Per Share
NET (LOSS) INCOME PER SHARE
Basic net (loss) income per share is computed by dividing net (loss) income available to Class A and Class B common shareholders by the weighted-average number of shares of ESH REIT’s unrestricted Class A and Class B common stock outstanding, respectively. Diluted net (loss) income per share is computed by dividing net (loss) income available to Class A and Class B common shareholders, as adjusted for potentially dilutive securities, by the weighted-average number of shares of ESH REIT’s unrestricted Class A and Class B common stock outstanding, respectively, plus other potentially dilutive securities. Dilutive securities include certain equity-based awards issued under long-term incentive plans (see Note 11) and are included in the calculation, provided that the inclusion of such securities is not anti-dilutive.
The calculations of basic and diluted net (loss) income per share, including a reconciliation of the numerators and denominators, are as follows (in thousands, except per share data):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net (loss) income
$
(4,724
)
 
$
1,471

 
$
(20,840
)
 
$
(3,659
)
Less preferred dividends
(4
)
 
(4
)
 
(8
)
 
(8
)
Net (loss) income available to ESH Hospitality, Inc. common shareholders
$
(4,728
)
 
$
1,467

 
$
(20,848
)
 
$
(3,667
)
Class A:
 
 
 
 
 
 
 
Net (loss) income available to ESH Hospitality, Inc. common shareholders - basic
$
(2,674
)
 
$
814

 
$
(11,752
)
 
$
(2,023
)
Amounts attributable to ESH Hospitality, Inc. Class B shareholders assuming conversion
8

 

 

 

Net (loss) income available to ESH Hospitality, Inc. common shareholders - diluted
$
(2,666
)
 
$
814

 
$
(11,752
)
 
$
(2,023
)
Class B:
 
 
 
 
 
 
 
Net (loss) income available to ESH Hospitality, Inc. common shareholders - basic
$
(2,054
)
 
$
653

 
$
(9,096
)
 
$
(1,644
)
Amounts attributable to ESH Hospitality, Inc. Class B shareholders assuming conversion
(8
)
 

 

 

Net (loss) income available to ESH Hospitality, Inc. common shareholders - diluted
$
(2,062
)
 
$
653

 
$
(9,096
)
 
$
(1,644
)
Denominator:
 
 
 
 
 
 
 
Class A:
 
 
 
 
 
 
 
Weighted average number of ESH Hospitality, Inc. common shares outstanding - basic and diluted
250,494

 
250,494

 
250,494

 
250,494

Class B:
 
 
 
 
 
 
 
Weighted average number of ESH Hospitality, Inc. common shares outstanding - basic
193,409

 
201,600

 
193,959

 
202,955

Dilutive securities
535

 
89

 

 

Weighted average number of ESH Hospitality, Inc. common shares outstanding - diluted
193,944

 
201,689

 
193,959

 
202,955

Net loss per ESH Hospitality, Inc. common share - Class A - basic
$
(0.01
)
 
$

 
$
(0.05
)
 
$
(0.01
)
Net loss per ESH Hospitality, Inc. common share - Class A - diluted
$
(0.01
)
 
$

 
$
(0.05
)
 
$
(0.01
)
Net loss per ESH Hospitality, Inc. common share - Class B - basic
$
(0.01
)
 
$

 
$
(0.05
)
 
$
(0.01
)
Net loss per ESH Hospitality, Inc. common share - Class B - diluted
$
(0.01
)
 
$

 
$
(0.05
)
 
$
(0.01
)
Anti-dilutive securities excluded from net loss per common share - Class B - diluted

 

 
413

 
74