Net Loss Per Share

12 Months Ended

Dec. 31, 2019

The following is a summary of the basic and diluted net loss per share computation for the years ended December 31, 2019, 2018 and 2017:



	Year Ended December 31,
	2019			2018			2017
Net loss attributable to stockholders (in thousands)	$	(88,087	)	$	(52,762	)	$	(42,548	)
Basic and diluted weighted-average shares outstanding	91,936,641			91,118,929			89,802,174
Basic and diluted net loss per share	$	(0.96	)	$	(0.58	)	$	(0.47	)

Diluted net loss per share assumes the conversion of all common stock equivalents into an equivalent number of shares of common stock, unless the effect is antidilutive. The Company considers unvested restricted shares, OP Units and Class B Units

to be common share equivalents. The Company had the following common stock equivalents on a weighted-average basis that were excluded from the calculation of diluted net loss per share attributable to stockholders as their effect would have been antidilutive for the periods presented:



	December 31,
	2019	2018	2017
Unvested restricted shares ⁽¹⁾	305,416	358,071	130,339
OP Units ⁽²⁾	405,998	405,998	405,998
Class B Units ⁽³⁾	359,250	359,250	359,250
Total weighted average antidilutive common share equivalents	1,070,664	1,123,319	895,587

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⁽¹⁾	Weighted average number of antidilutive unvested restricted shares outstanding for the periods presented. There were 277,241, 322,242 and 382,510 unvested restricted shares outstanding as of December 31, 2019, 2018 and 2017, respectively.


⁽²⁾	Weighted average number of antidilutive OP Units outstanding for the periods presented. There were 405,998 OP Units outstanding as of December 31, 2019, 2018 and 2017.

⁽³⁾

Weighted average number of antidilutive Class B Units outstanding for the periods presented. There were 359,250 Class B Units outstanding as of December 31, 2019, 2018 and 2017.