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Earnings (Loss) Per Common Share
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings (Loss) Per Common Share
Earnings (Loss) Per Common Share
The following summarizes the calculation of basic and diluted earnings per common share and provides a reconciliation of the amounts of net income (loss) available to common shareholders used in calculating basic and diluted earnings per common share:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands, except per share amounts)
Net income (loss)
$
26,382

 
$
(77,991
)
 
$
45,619

 
$
(60,332
)
Net (income) loss attributable to redeemable noncontrolling
interests
(3,552
)
 
8,160

 
(6,532
)
 
2,481

Net loss attributable to noncontrolling interests
—

 
—

 
127

 
—

Net income (loss) attributable to common shareholders
22,830

 
(69,831
)
 
39,214

 
(57,851
)
Distributions to participating securities
(153
)
 
—

 
(527
)
 
—

Net income (loss) available to common shareholders
  — basic and diluted
$
22,677

 
$
(69,831
)
 
$
38,687

 
$
(57,851
)
 
 
 
 
 
 
 
 
Weighted average number of common shares
   outstanding — basic and diluted (1)
119,835

 
114,744

 
118,588

 
105,347

 
 
 
 
 
 
 
 
Earnings (loss) per common share:
 
 
 
 
 
 
 
Basic
$
0.19

 
$
(0.61
)
 
$
0.33

 
$
(0.55
)
Diluted
$
0.19

 
$
(0.61
)
 
$
0.33

 
$
(0.55
)
______________
(1) 
For the three and nine months ended September 30, 2017, reflects the weighted average common shares attributable to the Vornado Included Assets at the date of the Separation.

The effect of the redemption of OP Units that were outstanding as of September 30, 2018 is excluded in the computation of basic and diluted earnings per common share, as the assumed exchange of such units for common shares on a one-for-one basis was antidilutive (the assumed redemption of these units would have no impact on the determination of diluted earnings per share). Since vested and outstanding OP Units, which are held by noncontrolling interests, are attributed gains and losses at an identical proportion to the common shareholders, the gains and losses attributable and their equivalent weighted average OP Unit impact are excluded from net income (loss) available to common shareholders and from the weighted average number of common shares outstanding in calculating basic and diluted earnings per common share. Performance-Based LTIP Units and Formation Awards, which totaled 3.9 million and 3.8 million for the three and nine months ended September 30, 2018 and 2.6 million and 900,000 for the three and nine months ended September 30, 2017, were excluded from the calculation of diluted earnings per common share as they were antidilutive, but potentially could be dilutive in the future.