Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Earnings Per Share, Basic and Diluted

The Company’s net income (loss) and weighted average shares outstanding for the three and nine months ended September 30, 2020 and 2019 consist of the following (dollars in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net income (loss)	$	6,430	$	(401,995)	$	(314,295)	$	(497,828)
Net (income) loss attributable to noncontrolling interests:
Investment Entities	(1,222)		37,445		6,362		38,623
Operating Partnership	(201)		8,519		7,109		10,741
Net income (loss) attributable to Colony Credit Real Estate, Inc. common stockholders	$	5,007	$	(356,031)	$	(300,824)	$	(448,464)

Numerator:
Net income allocated to participating securities (non-vested shares)	$	—	$	(616)	$	(322)	$	(1,709)
Net income (loss) attributable to common stockholders	$	5,007	$	(356,647)	$	(301,146)	$	(450,173)

Denominator:
Weighted average shares outstanding(1)	128,583		128,541		128,537		128,341

Net income (loss) per common share - basic and diluted	$	0.04	$	(2.77)	$	(2.34)	$	(3.51)

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(1)For earnings per share, the Company assumes 44.4 million shares of Class B-3 common stock were outstanding prior to January 31, 2018 to reflect the standalone pre-merger financial information of the CLNY Investment Entities, the Company’s predecessor for accounting purposes. On February 1, 2019, the Class B-3 common stock automatically converted to Class A common stock on a one-for-one basis.