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Net Loss Per Share
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Net Loss Per Share Net Loss Per Share
The following table sets forth the basic and diluted net loss per share computations for the years ended December 31, 2019, 2018 and 2017:
 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
Basic and diluted net loss attributable to common stockholders (in thousands)
 
$
(3,101
)
 
$
(37,409
)
 
$
(46,494
)
Net loss attributable to common stockholders - basic and diluted
 
(3,101
)
 
(37,409
)
 
(46,494
)
 
 
 
 
 
 
 
Basic and diluted weighted-average shares outstanding
 
106,397,296

 
105,560,053

 
99,649,471

 
 
 
 
 
 
 
Basic and diluted net loss per share
 
$
(0.03
)
 
$
(0.35
)
 
$
(0.47
)

Diluted net loss per share assumes the vesting or conversion of restricted shares and Class A Units into an equivalent number of unrestricted shares of common stock and the conversion of Class B Units, prior to their vesting and conversion into Class A Units which were redeemed for shares of Class A common stock in connection with the Listing (see Note 11 — Related Party Transactions and Arrangements for additional information), unless the effect is antidilutive. If dilutive, conditionally issuable shares relating to the 2018 OPP award (see Note 13 — Share-Based Compensation) would be included in the computation of fully diluted EPS on a weighted-average basis for the year ended December 31, 2019 and 2018 based on shares that would be issued if the balance sheet date were the end of the measurement period. No LTIP Unit share equivalents were included in the computation for the years ended December 31, 2019 and 2018 because no LTIP Units would have been earned based on the trading price of Class A common stock at December 31, 2019 and 2018.
The Company had the following restricted shares, Class A Units, Class B Units and LTIP Units on a weighted-average basis that were excluded from the calculation of diluted net loss per share as their effect would have been antidilutive for the periods presented, or in the case of Class B Units, certain contingencies had not been met as of December 31, 2017:
 
 
December 31,
 
 
2019
 
2018
 
2017
Unvested restricted shares [1]
 
128,959

 
52,847

 
12,957

Class A Units [2]
 
172,921

 
189,737

 
177,962

Class B Units [3]
 
—

 
573,785

 
1,052,420

LTIP Units [4]
 
4,496,796

 
1,515,359

 
—

Total
 
4,798,676

 
2,331,728

 
1,243,339


__________ 
[1] 
Weighted-average number of shares of unvested restricted shares outstanding for the periods presented. There were 111,421, 136,234 and 15,708 unvested restricted shares outstanding as of December 31, 2019, 2018 and 2017, respectively.
[2] 
Weighted-average number of Class A Units outstanding for the periods presented. There were 172,921, 172,921 and 203,612 OP Units outstanding as of December 31, 2019, 2018 and 2017, respectively.
[3] 
Weighted-average number of Class B Units outstanding for the periods presented. There were no Class B Units outstanding as of December 31, 2019 and 2018 and 1,052,420 Class B Units outstanding as of December 31, 2017.
[4] 
Weighted-average number of LTIP Units outstanding for the periods presented. There were 4,496,796 LTIP Units outstanding as of December 31, 2019 and 2018.