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Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Income (Loss) Per Share Income (Loss) Per Share
The following table reconciles the amounts used in calculating basic and diluted income (loss) per share (in thousands, except per share amounts):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Net income (loss) attributable to common stockholders - basic and diluted:
 
 
 
 
 
 
 
Net income (loss) attributable to the Company
$
(43,790
)
 
$
(4,510
)
 
$
(56,720
)
 
$
(5,491
)
Less: Dividends on preferred stock
(2,555
)
 
(2,532
)
 
(5,110
)
 
(5,064
)
Less: Dividends on common stock
—

 
(5,173
)
 
—

 
(10,331
)
Less: Dividends on unvested performance stock units
—

 
(75
)
 
—

 
(150
)
Less: Dividends on unvested restricted shares
—

 
(88
)
 
—

 
(184
)
Undistributed net income (loss) allocated to common stockholders
(46,345
)
 
(12,378
)
 
(61,830
)
 
(21,220
)
Add back: Dividends on common stock
—

 
5,173

 
—

 
10,331

Distributed and undistributed net income (loss) - basic and diluted
$
(46,345
)
 
$
(7,205
)
 
$
(61,830
)
 
$
(10,889
)
 
 
 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic and diluted
32,907

 
32,307

 
32,688

 
32,213

 
 
 
 
 
 
 
 
Income (loss) per share - basic:
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(1.41
)
 
$
(0.22
)
 
$
(1.89
)
 
$
(0.34
)
Income (loss) per share - diluted:
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(1.41
)
 
$
(0.22
)
 
$
(1.89
)
 
$
(0.34
)

Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect the adjustments for the following items (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Net income (loss) allocated to common stockholders is not adjusted for:
 
 
 
 
 
 
 
Income (loss) allocated to unvested restricted shares
$
—

 
$
88

 
$
—

 
$
184

Income (loss) allocated to unvested performance stock units
—

 
75

 
—

 
150

Income (loss) attributable to redeemable noncontrolling interests in operating partnership
(5,297
)
 
(865
)
 
(7,182
)
 
(1,305
)
Dividends on preferred stock - Series B
1,730

 
1,707

 
3,460

 
3,414

Total
$
(3,567
)
 
$
1,005

 
$
(3,722
)
 
$
2,443

Weighted average diluted shares are not adjusted for:
 
 
 
 
 
 
 
Effect of unvested restricted shares
—

 
52

 
38

 
70

Effect of unvested performance stock units
—

 
166

 
—

 
227

Effect of assumed conversion of operating partnership units
3,845

 
4,181

 
3,979

 
4,262

Effect of assumed conversion of preferred stock - Series B
6,728

 
6,569

 
6,728

 
6,569

Effect of advisory services incentive fee shares
236

 
73

 
298

 
73

Total
10,809

 
11,041

 
11,043

 
11,201