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EARNINGS PER SHARE (Tables)
 8 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted Earnings per Share
The following table presents a reconciliation of the numerator and denominator used to calculate basic and diluted earnings per share reported in the consolidated financial statements for the transition period ended December 31, 2018 and the fiscal years ended April 30, 2018, 2017, and 2016:
 
 
(in thousands, except per share data)
 
 
For Period Ended
 
For Year Ended April 30, 
 
 
December 31, 2018

 
April 30, 2018

April 30, 2017

April 30, 2016

NUMERATOR
 
 
 
 

 

 

Income (loss) from continuing operations – controlling interests
 
$
(4,908
)
 
$
(30,266
)
$
(24,473
)
$
11,553

Income (loss) from discontinued operations – controlling interests
 
510

 
147,054

67,820

60,453

Net income (loss) attributable to controlling interests
 
(4,398
)
 
116,788

43,347

72,006

Dividends to preferred shareholders
 
(4,547
)
 
(8,569
)
(10,546
)
(11,514
)
Redemption of preferred shares
 
—

 
(3,657
)
(1,435
)
—

Numerator for basic earnings per share – net income available to common shareholders
 
(8,945
)
 
104,562

31,366

60,492

Noncontrolling interests – Operating Partnership
 
(1,032
)
 
12,702

4,059

7,032

Numerator for diluted earnings per share
 
$
(9,977
)
 
$
117,264

$
35,425

$
67,524

DENOMINATOR
 
 
 
 

 

 

Denominator for basic earnings per share weighted average shares
 
11,937

 
119,977

121,169

123,094

Effect of redeemable operating partnership units
 
1,387

 
14,617

16,130

14,278

Denominator for diluted earnings per share
 
13,324

 
134,594

137,299

137,372

Earnings (loss) per common share from continuing operations – basic and diluted
 
$
(0.79
)
 
$
(3.54
)
$
(3.01
)
$
—

Earnings (loss) per common share from discontinued operations – basic and diluted
 
0.04

 
12.25

5.59

4.91

NET EARNINGS (LOSS) PER COMMON SHARE – BASIC & DILUTED
 
$
(0.75
)
 
$
8.71

$
2.58

$
4.91