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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2019 and 2018:  
 
(in thousands, except per share data)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
NUMERATOR
 

 
 

 
 
 
 
Income (loss) from continuing operations – controlling interests
$
3,113

 
$
(20,386
)
 
$
(1,585
)
 
$
(26,200
)
Income (loss) from discontinued operations – controlling interests
—

 
212

 
—

 
12,630

Net income (loss) attributable to controlling interests
3,113

 
(20,174
)
 
(1,585
)
 
(13,570
)
Dividends to preferred shareholders
(1,706
)
 
(1,706
)
 
(3,411
)
 
(3,411
)
Numerator for basic earnings (loss) per share – net income available to common shareholders
1,407

 
(21,880
)
 
(4,996
)
 
(16,981
)
Noncontrolling interests – Operating Partnership
148

 
(2,580
)
 
(595
)
 
(2,000
)
Numerator for diluted earnings (loss) per share
$
1,555

 
$
(24,460
)
 
$
(5,591
)
 
$
(18,981
)
DENOMINATOR
 

 
 

 
 

 
 

Denominator for basic earnings per share weighted average shares
11,729

 
11,928

 
11,746

 
11,950

Effect of redeemable operating partnership units
1,226

 
1,407

 
1,306

 
1,416

Denominator for diluted earnings per share
12,955

 
13,335

 
13,052

 
13,366

Earnings (loss) per common share from continuing operations – basic and diluted
$
0.11

 
$
(1.85
)
 
$
(0.43
)
 
$
(2.48
)
Earnings (loss) per common share from discontinued operations – basic and diluted
—

 
0.02

 
—

 
1.06

NET EARNINGS (LOSS) PER COMMON SHARE – BASIC & DILUTED
$
0.11

 
$
(1.83
)
 
$
(0.43
)
 
$
(1.42
)