Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes the basic and diluted earnings per share calculations for the three and six months ended June 30, 2020 and 2019 (in thousands, except shares and per share amounts): 

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Numerator:
Net income (loss) attributable to the Company	$	6,632	$	(10,512)	$	(18,174)	$	13,296
Adjustments to net income (loss) attributable to the Company	—		208		355		70
Net income (loss) attributable to common shareholders	$	6,632	$	(10,304)	$	(17,819)	$	13,366
Numerator—basic common shares:
Net income (loss) attributable to common shareholders	$	6,632	$	(10,304)	$	(17,819)	$	13,366
Less: net income allocated to participating securities	$	223	$	—	$	—	$	568
Allocation of net income (loss) among common shareholders	$	6,409	$	(10,304)	$	(17,819)	$	12,798
Numerator for basic net income (loss) available to Class A common shareholders	$	6,406	$	(10,300)	$	(17,813)	$	12,793
Numerator for basic net income (loss) available to Class B common shareholders	$	3	$	(4)	$	(6)	$	5
Numerator—diluted common shares:
Net income (loss) attributable to common shareholders	$	6,632	$	(10,304)	$	(17,819)	$	13,366
Reallocation of income (loss) to Company upon assumed exchange of units	$	7,307	$	—	$	(701)	$	14,028
Less: net income allocated to participating securities	$	223	$	—	$	—	$	568
Allocation of net income (loss) among common shareholders	$	13,716	$	(10,304)	$	(18,520)	$	26,826
Numerator for diluted net income (loss) available to Class A common shareholders	$	13,713	$	(10,300)	$	(18,514)	$	26,821
Numerator for diluted net income (loss) available to Class B common shareholders	$	3	$	(4)	$	(6)	$	5
Denominator:
Basic weighted average Class A common shares outstanding	66,731,233		66,256,961		66,690,550		66,234,066
Diluted weighted average Class A common shares outstanding	142,851,412		66,256,961		68,854,356		145,403,189
Basic weighted average Class B common shares outstanding	79,233,544		79,275,234		79,233,544		79,169,124
Diluted weighted average Class B common shares outstanding	79,233,544		79,275,234		79,233,544		79,275,824
Basic income (loss) per share:
Class A common shares	$	0.10	$	(0.16)	$	(0.27)	$	0.19
Class B common shares	$	0.00	$	(0.00)	$	(0.00)	$	0.00
Diluted income (loss) per share:
Class A common shares	$	0.10	$	(0.16)	$	(0.27)	$	0.18
Class B common shares	$	0.00	$	(0.00)	$	(0.00)	$	0.00
Anti-dilutive potential RSUs	—		36,289		—		36,289
Anti-dilutive potential Performance RSUs	338,813		388,155		338,813		388,155
Anti-dilutive potential Restricted Shares (weighted average)	—		2,257,787		1,762,969		—
Anti-dilutive potential Performance Restricted Shares (weighted average)	—		776,312		713,415		—
Anti-dilutive potential Class A common shares (weighted average)	3,137,134		79,299,016		76,120,179		—