Earnings per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2019

Earnings per Share of Common Stock

Schedule of computation of basic and diluted earnings per share

	Three Months Ended September 30,				Nine Months Ended September 30,
(In Thousands, except for share and per share amounts)	2019		2018		2019		2018
Basic Earnings
Net income	$	12,427	$	17,569	$	54,120	$	51,971
Less: Income attributable to non-controlling interest		323		638		1,580		1,890
Less: Income attributable to participating shares		79		50		240		162
Basic earnings	$	12,025	$	16,881	$	52,300	$	49,919
Diluted Earnings
Net income	$	12,427	$	17,569	$	54,120	$	51,971
Less: Income attributable to non-controlling interest		323		638		1,580		1,890
Less: Income attributable to participating shares		79		50		240		162
Diluted earnings	$	12,025	$	16,881	$	52,300	$	49,919
Number of Shares
Basic — Average shares outstanding		44,438,652		32,109,642		40,517,231		32,073,665
Effect of dilutive securities — Unvested participating shares		29,149		20,620		29,149		16,461
Diluted — Average shares outstanding		44,467,801		32,130,262		40,546,380		32,090,126
Earnings Per Share Attributable to RC Common Stockholders:
Basic	$	0.27	$	0.53	$	1.29	$	1.57
Diluted	$	0.27	$	0.53		1.29		1.57