XML 37 R24.htm IDEA: XBRL DOCUMENT v3.19.2
NET INCOME PER SHARE
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
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 other 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):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
Net income available to Extended Stay America, Inc. common shareholders - basic
$
53,497

 
$
65,056

 
$
75,431

 
$
79,908

Income attributable to noncontrolling interests assuming conversion
(7
)
 
(1
)
 
(12
)
 
(26
)
Net income available to Extended Stay America, Inc. common shareholders - diluted
$
53,490

 
$
65,055

 
$
75,419

 
$
79,882

Denominator:
 
 
 
 
 
 
 
Weighted-average number of Extended Stay America, Inc. common shares outstanding - basic
188,450

 
189,626

 
188,399

 
190,197

Dilutive securities
363

 
557

 
296

 
512

Weighted-average number of Extended Stay America, Inc. common shares outstanding - diluted
188,813

 
190,183

 
188,695

 
190,709

Net income per Extended Stay America, Inc. common share - basic
$
0.28

 
$
0.34

 
$
0.40

 
$
0.42

Net income per Extended Stay America, Inc. common share - diluted
$
0.28

 
$
0.34

 
$
0.40

 
$
0.42