Net Income Per Share

12 Months Ended

Dec. 31, 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 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 unrestricted common stock outstanding plus potentially dilutive securities. Dilutive securities include certain equity-based awards (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):

	Year Ended December 31, 2018			Year Ended December 31, 2017			Year Ended December 31, 2016
Numerator:
Net income available to Extended Stay America, Inc. common shareholders - basic	$	112,864		$	78,847		$	69,932
Income attributable to noncontrolling interests assuming conversion	(128		)	(392		)	(43		)
Net income available to Extended Stay America, Inc. common shareholders - diluted	$	112,736		$	78,455		$	69,889
Denominator:
Weighted-average number of Extended Stay America, Inc. common shares outstanding - basic	$	189,389		$	193,101		$	200,572
Dilutive securities	432			569			164
Weighted-average number of Extended Stay America, Inc. common shares outstanding - diluted	$	189,821		$	193,670		$	200,736
Net income per Extended Stay America, Inc. common share - basic	$	0.60		$	0.41		$	0.35
Net income per Extended Stay America, Inc. common share - diluted	$	0.59		$	0.41		$	0.35

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 potentially dilutive securities. Dilutive securities include certain equity-based awards (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):

	Year Ended December 31, 2018			Year Ended December 31, 2017			Year Ended December 31, 2016
Numerator:
Net income	$	230,129		$	214,984		$	212,207
Less preferred dividends	(16		)	(16		)	(16		)
Net income available to ESH Hospitality, Inc. common shareholders	$	230,113		$	214,968		$	212,191
Class A:
Net income available to ESH Hospitality, Inc. Class A common shareholders - basic	$	131,039		$	121,627		$	118,787
Less amounts available to ESH Hospitality, Inc. Class B shareholders assuming conversion	(128		)	(392		)	(43		)
Net income available to ESH Hospitality, Inc. Class A common shareholders - diluted	$	130,911		$	121,235		$	118,744
Class B:
Net income available to ESH Hospitality, Inc. Class B common shareholders - basic	$	99,074		$	93,341		$	93,404
Amounts available to ESH Hospitality, Inc. Class B shareholders assuming conversion	128			—			43
Net income available to ESH Hospitality, Inc. Class B common shareholders - diluted	$	99,202		$	93,341		$	93,447
Denominator:
Class A:
Weighted-average number of ESH Hospitality, Inc. Class A common shares outstanding - basic and diluted	250,494			250,494			250,494
Class B:
Weighted-average number of ESH Hospitality, Inc. Class B common shares outstanding - basic	$	189,389		$	193,101		$	200,572
Dilutive securities	432			—			164
Weighted-average number of ESH Hospitality, Inc. Class B common shares outstanding - diluted	$	189,821		$	193,101		$	200,736
Net income per ESH Hospitality, Inc. common share - Class A - basic	$	0.52		$	0.49		$	0.47
Net income per ESH Hospitality, Inc. common share - Class A - diluted	$	0.52		$	0.48		$	0.47
Net income per ESH Hospitality, Inc. common share - Class B - basic	$	0.52		$	0.48		$	0.47
Net income per ESH Hospitality, Inc. common share - Class B - diluted	$	0.52		$	0.48		$	0.47
Anti-dilutive securities excluded from net income per common share - Class B - diluted	—			569			—