XML 80 R32.htm IDEA: XBRL DOCUMENT v3.20.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share amounts): 
 
Three Months Ended March 31,
 
2020
 
2019
Numerator:
 
 
 
Net income
$
15,272

 
$
10,717

Less: Preferred stock dividends
(3,636
)
 
(2,423
)
Less: Net income attributable to noncontrolling interests
(717
)
 
(201
)
Less: Net income attributable to participating securities
(131
)
 
(114
)
Net income attributable to common stockholders
$
10,788

 
$
7,979

 
 
 
 
Denominator:
 
 
 
Weighted average shares of common stock outstanding – basic
114,054,434

 
98,342,677

Effect of dilutive securities - performance units
259,897

 
265,109

Weighted average shares of common stock outstanding – diluted
114,314,331

 
98,607,786

 
 
 
 
Earnings per share — Basic
 
 
 

Net income attributable to common stockholders
$
0.09

 
$
0.08

Earnings per share — Diluted
 
 
 
Net income attributable to common stockholders
$
0.09

 
$
0.08