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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2019
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 condensed consolidated financial statements for the three months ended March 31, 2019 and 2018:  
 
(in thousands, except per share data)
 
Three Months Ended
March 31,
 
2019
 
2018
NUMERATOR
 

 
 

Income (loss) from continuing operations – controlling interests
$
(4,698
)
 
$
(5,813
)
Income (loss) from discontinued operations – controlling interests
—

 
12,417

Net income (loss) attributable to controlling interests
(4,698
)
 
6,604

Dividends to preferred shareholders
(1,705
)
 
(1,705
)
Numerator for basic earnings (loss) per share – net income available to common shareholders
(6,403
)
 
4,899

Noncontrolling interests – Operating Partnership
(743
)
 
580

Numerator for diluted earnings (loss) per share
$
(7,146
)
 
$
5,479

DENOMINATOR
 

 
 

Denominator for basic earnings per share weighted average shares
11,763

 
11,972

Effect of redeemable operating partnership units
1,367

 
1,424

Denominator for diluted earnings per share
13,130

 
13,396

Earnings (loss) per common share from continuing operations – basic and diluted
$
(0.54
)
 
$
(0.63
)
Earnings (loss) per common share from discontinued operations – basic and diluted
—

 
1.04

NET EARNINGS (LOSS) PER COMMON SHARE – BASIC & DILUTED
$
(0.54
)
 
$
0.41