Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of the Company’s common stock outstanding, which is adjusted for shares classified as treasury shares during the period and excludes any unvested restricted stock units issued pursuant to the 2016 LTIP. Diluted earnings (loss) per share is computed by adjusting basic earnings (loss) per share for the dilutive effect of the assumed vesting of restricted stock units. During periods of net loss, the assumed vesting of restricted stock units is anti-dilutive and is not included in the calculation of earnings (loss) per share.

The effect of the conversion of OP Units held by noncontrolling limited partners is not reflected in the computation of basic and diluted earnings (loss) per share, as they are exchangeable for common stock on a one-for-one basis. The income (loss) allocable to such units is allocated on this same basis and reflected as net income (loss) attributable to redeemable noncontrolling interests in the OP in the accompanying consolidated statements of operations and comprehensive income. As such, the assumed conversion of these units would have no net impact on the determination of diluted earnings (loss) per share. See Note 10 for additional information.

The following table sets forth the computation of basic and diluted earnings (loss) per share for the periods presented (in thousands, except per share amounts):

	For the Three Months Ended March 31,
	2019			2018
Numerator for earnings (loss) per share:
Net income (loss)	$	(4,373	)	$	10,094
Net income (loss) attributable to redeemable noncontrolling interests in the Operating Partnership		(13	)		30
Net income (loss) attributable to common stockholders	$	(4,360	)	$	10,064

Denominator for earnings (loss) per share:
Weighted average common shares outstanding		23,550			20,987
Denominator for basic earnings (loss) per share		23,550			20,987
Weighted average unvested restricted stock units		494			443
Denominator for diluted earnings per share		24,044			21,430

Earnings (loss) per weighted average common share:
Basic	$	(0.19	)	$	0.48
Diluted	$	(0.19	)	$	0.47