Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the basic and diluted net loss per share computations:


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except share and per share amounts)	2022		2021		2022		2021
Net loss attributable to common stockholders	$	(56,259)	$	(7,405)	$	(16,325)	$	(16,816)
Adjustments to net loss for common share equivalents	(309)		(200)		(617)		(417)
Adjusted net loss attributable to common stockholders	$	(56,568)	$	(7,605)	$	(16,942)	$	(17,233)

Weighted-average shares outstanding — Basic	132,629,704		110,898,056		130,646,294		109,674,113
Weighted-average shares outstanding — Diluted	132,629,704		110,898,056		130,646,294		109,674,113
Net loss per share attributable to common stockholders — Basic and Diluted	$	(0.43)	$	(0.07)	$	(0.13)	$	(0.16)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table shows common share equivalents on a weighted average basis that were excluded from the calculation of diluted earnings per share as their effect would have been antidilutive for the periods presented:


	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Unvested restricted shares (1)	579,965	403,999	501,450	402,354
Class A Units (2)	172,921	172,921	172,921	172,921
2018 LTIP Units (3)	—	4,496,796	—	4,496,796
2021 LTIP Units (3)	8,528,885	—	8,528,885	—
Total	9,281,771	5,073,716	9,203,256	5,072,071

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(1)Weighted-average number of shares of unvested restricted shares outstanding for the periods presented. There were 622,396 and 517,334 unvested restricted shares outstanding as of June 30, 2022 and 2021, respectively.

(2)Weighted-average number of Class A Units outstanding for the periods presented. There were 172,921 Class A Units outstanding as of June 30, 2022 and 2021.

(3)Weighted-average number of 2018 and 2021 LTIP Units outstanding for the periods presented. There were 8,528,885 2021 LTIP Units outstanding as of June 30, 2022 and 4,496,796 2018 LTIP Units outstanding as of June 30, 2021. For more information see Note 13 — Equity-Based Compensation.