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Net Income Per Share
9 Months Ended
Sep. 30, 2018
Entity Information [Line Items]  
Net 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 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 unrestricted common stock outstanding plus other potentially dilutive securities. Dilutive securities include certain equity-based awards issued under long-term incentive plans 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
September 30,
 
Nine Months Ended
September 30,
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income available to Extended Stay America, Inc. common shareholders - basic
$
71,902

 
$
53,876

 
$
151,810

 
$
128,752

Income attributable to noncontrolling interests assuming conversion
(5
)
 
(37
)
 
(26
)
 
(60
)
Net income available to Extended Stay America, Inc. common shareholders - diluted
$
71,897

 
$
53,839

 
$
151,784

 
$
128,692

Denominator:
 
 
 
 
 
 
 
Weighted average number of Extended Stay America, Inc. common shares outstanding - basic
188,822

 
192,357

 
189,681

 
193,399

Dilutive securities
431

 
974

 
430

 
602

Weighted average number of Extended Stay America, Inc. common shares outstanding - diluted
189,253

 
193,331

 
190,111

 
194,001

Net income per Extended Stay America, Inc. common share - basic
$
0.38

 
$
0.28

 
$
0.80

 
$
0.67

Net income per Extended Stay America, Inc. common share - diluted
$
0.38

 
$
0.28

 
$
0.80

 
$
0.66

ESH REIT  
Entity Information [Line Items]  
Net Income Per Share
NET INCOME PER SHARE
Basic net income per share is computed by dividing net income available to Class A and Class B common shareholders by the weighted-average number of shares of unrestricted Class A and Class B common stock outstanding, respectively. Diluted net income per share is computed by dividing net income available to Class A and Class B common shareholders, as adjusted for potentially dilutive securities, by the weighted-average number of shares of 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 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
September 30,
 
Nine Months Ended
September 30,
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income
$
8,821

 
$
28,486

 
$
47,592

 
$
7,646

Less preferred dividends
(4
)
 
(4
)
 
(12
)
 
(12
)
Net income available to ESH Hospitality, Inc. common shareholders
$
8,817

 
$
28,482

 
$
47,580

 
$
7,634

Class A:
 
 
 
 
 
 
 
Net income available to ESH Hospitality, Inc. Class A common
shareholders - basic
$
5,027

 
$
16,112

 
$
27,077

 
$
4,360

Amounts attributable to ESH Hospitality, Inc. Class B
shareholders assuming conversion
(5
)
 
(37
)
 
(26
)
 

Net income available to ESH Hospitality, Inc. Class A common
shareholders - diluted
$
5,022

 
$
16,075

 
$
27,051

 
$
4,360

Class B:
 
 
 
 
 
 
 
Net income available to ESH Hospitality, Inc. Class B common
shareholders - basic
$
3,790

 
$
12,370

 
$
20,503

 
$
3,274

Amounts attributable to ESH Hospitality, Inc. Class B
shareholders assuming conversion
5

 
37

 
26

 

Net income available to ESH Hospitality, Inc. Class B common
shareholders - diluted
$
3,795

 
$
12,407

 
$
20,529

 
$
3,274

Denominator:
 
 
 
 
 
 
 
Class A:
 
 
 
 
 
 
 
Weighted average number of ESH Hospitality, Inc. Class A common
shares outstanding - basic and diluted
250,494

 
250,494

 
250,494

 
250,494

Class B:
 
 
 
 
 
 
 
Weighted average number of ESH Hospitality, Inc. Class B common
shares outstanding - basic
188,822

 
192,357

 
189,681

 
193,399

Dilutive securities
431

 
974

 
430

 

Weighted average number of ESH Hospitality, Inc. Class B common
shares outstanding - diluted
189,253

 
193,331

 
190,111

 
193,399

Net income per ESH Hospitality, Inc. common share - Class A - basic
$
0.02

 
$
0.06

 
$
0.11

 
$
0.02

Net income per ESH Hospitality, Inc. common share - Class A - diluted
$
0.02

 
$
0.06

 
$
0.11

 
$
0.02

Net income per ESH Hospitality, Inc. common share - Class B - basic
$
0.02

 
$
0.06

 
$
0.11

 
$
0.02

Net income per ESH Hospitality, Inc. common share - Class B - diluted
$
0.02

 
$
0.06

 
$
0.11

 
$
0.02

Anti-dilutive securities excluded from net income per common share - Class B - diluted

 

 

 
602