Equity (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of Equity Securities Repurchased

The following table summarizes our purchases of equity securities for the year ended December 31, 2022:    

Period	Total Number of Shares Purchased	Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plan	Maximum Approximate Dollar Value Available for Future Purchase (in thousands)
Year ended December 31, 2022	11,571,133	$	7.79	11,571,133	$	409,824

Schedule of Dividends Declared

The following table summarizes the dividends paid on our Class A common stock and Class B common stock for the years ended December 31, 2022, 2021 and 2020:    

Record Date	Payment Date	Amount per Share
December 19, 2022	December 31, 2022	$0.035
September 15, 2022	September 30, 2022	$0.035
June 15, 2022	June 30, 2022	$0.035
March 15, 2022	March 31, 2022	$0.035
December 20, 2021	December 31, 2021	$0.035
September 15, 2021	September 30, 2021	$0.035
June 15, 2021	June 30, 2021	$0.035
June 19, 2020	June 30, 2020	$0.105
March 16, 2020	March 31, 2020	$0.105

Schedule of Restricted Stock and Long-Term Incentive Plan Activity

The following is a summary of restricted stock and LTIP unit activity for the year ended December 31, 2022:

	Restricted Stock	Time-based LTIPs	Market-based LTIPs	Performance-based LTIPs	Weighted Average Grant Fair Value
Unvested balance at December 31, 2021	214,408	2,499,592	5,039,134	—	$	7.02
Vested	(69,545)	(1,300,504)	(113,576)	(35,695)	9.28
Granted	232,448	1,514,434	780,155	578,943	7.21
Forfeited or unearned	(18,018)	—	(1,635,176)	(32,259)	6.84
Unvested balance at December 31, 2022	359,293	2,713,522	4,070,537	510,989	$	6.69

Schedule of Earnings Per Share, Basic and Diluted

Earnings per share for the years ended December 31, 2022, 2021 and 2020 is computed as follows (amounts in thousands, except per share amounts):

	For the Year Ended December 31,
	2022		2021		2020
Numerator - Basic:
Net income (loss)	$	63,212	$	(13,037)	$	(22,889)
Private perpetual preferred unit distributions	(4,201)		(4,201)		(4,197)
Net (income) loss attributable to non-controlling interest in operating partnership	(22,812)		6,527		10,374
Net income attributable to non-controlling interests in other partnerships	243		—		—
Earnings allocated to unvested shares	—		(26)		(60)
Net income (loss) attributable to common stockholders - basic	$	36,442	$	(10,737)	$	(16,772)
Numerator - Diluted:
Net income (loss)	$	63,212	$	(13,037)	$	(22,889)
Private perpetual preferred unit distributions	(4,201)		(4,201)		(4,197)
Net income attributable to non-controlling interests in other partnerships	243		—		—
Earnings allocated to unvested shares	—		(26)		(60)
Net income (loss) attributable to common stockholders - diluted	$	59,254	$	(17,264)	$	(27,146)
Denominator:
Weighted average shares outstanding - basic	165,039		172,445		175,169
Operating partnership units	103,298		104,975		108,657
Effect of dilutive securities:
Stock-based compensation plans	1,611		—		11
Weighted average shares outstanding - diluted	269,948		277,420		283,837
Earnings per share - basic	$	0.22	$	(0.06)	$	(0.10)
Earnings per share - diluted	$	0.22	$	(0.06)	$	(0.10)