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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following is a summary of the basic and diluted net income (loss) per share computation for the periods presented:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands, except share and per share data)
 
2016
 
2015
 
2016
 
2015
Net income (loss) attributable to stockholders
 
$
8,943

 
$
5,432

 
$
31,194

 
$
(14,377
)
Adjustments to net income (loss) attributable to stockholders for common share equivalents
 
(190
)
 
(249
)
 
(577
)
 
(249
)
Adjusted net income (loss) attributable to stockholders
 
$
8,753

 
$
5,183

 
$
30,617

 
$
(14,626
)
 
 
 
 
 
 
 
 
 
Basic and diluted net income (loss) per share attributable to stockholders
 
$
0.05

 
$
0.03

 
$
0.18

 
$
(0.08
)
Basic and diluted weighted average shares outstanding
 
169,390,187

 
168,948,345

 
169,092,853

 
176,124,355
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
For the three and nine months ended September 30, 2016 and 2015, the following common share equivalents were excluded from the calculation of diluted earnings per share:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2016
 
2015
 
2016
 
2015
Unvested restricted stock
 
179,571

 
187,938

 
179,571

 
187,938

OP Units (1)
 
545,530

 
1,809,678

 
545,530

 
1,809,678

Class B Units
 
—

 
—

 
—

 
—

OPP (LTIP Units)
 
9,041,801

 
9,041,801

 
9,041,801

 
9,041,801

Total anti-dilutive common share equivalents
 
9,766,902

 
11,039,417

 
9,766,902

 
11,039,417

____________________________________
(1) 
As of September 30, 2015, OP Units included 1,726,323 converted Class B Units, 83,333 OP Units issued to the Advisor, and 22 OP Units issued to the Special Limited Partner. Subsequent to the Listing all OP Units issued to the Advisor were transferred to individual investors. On September 2, 2016, 1,264,148 of OP Units were converted into Common Stock, of which 916,231, 347,903, and 14 belong to individual investors, Service Provider, and, Special Limited Partner, respectively. The Company had 545,530 OP Units outstanding as of September 30, 2016.