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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2019 and 2018:  
 
(in thousands, except per share data)
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
NUMERATOR
 

 
 

 
 
 
 
Income (loss) from continuing operations – controlling interests
$
31,596

 
$
2,142

 
$
30,011

 
$
(24,058
)
Income (loss) from discontinued operations – controlling interests
—

 
511

 
—

 
13,141

Net income (loss) attributable to controlling interests
31,596

 
2,653

 
30,011

 
(10,917
)
Dividends to preferred shareholders
(1,705
)
 
(1,705
)
 
(5,116
)
 
(5,116
)
Numerator for basic earnings (loss) per share – net income available to common shareholders
29,891

 
948

 
24,895

 
(16,033
)
Noncontrolling interests – Operating Partnership
3,145

 
112

 
2,550

 
(1,888
)
Dividends to preferred unitholders
160

 
—

 
377

 
—

Numerator for diluted earnings (loss) per share
$
33,196

 
$
1,060

 
$
27,822

 
$
(17,921
)
DENOMINATOR
 

 
 

 
 

 
 

Denominator for basic earnings per share weighted average shares
11,625

 
11,932

 
11,705

 
11,944

Effect of redeemable operating partnership units
1,223

 
1,386

 
1,282

 
1,407

Effect of Series D preferred units
228

 
—

 
181

 
—

Effect of dilutive restricted stock awards and restricted stock units
11

 
—

 
6

 
—

Denominator for diluted earnings per share
13,087

 
13,318

 
13,174

 
13,351

 
 
 
 
 
 
 
 
Earnings (loss) per common share from continuing operations – basic
$
2.57

 
$
0.04

 
$
2.11

 
$
(2.44
)
Earnings (loss) per common share from discontinued operations – basic
—

 
0.04

 
—

 
1.10

NET EARNINGS (LOSS) PER COMMON SHARE – BASIC
$
2.57

 
$
0.08

 
$
2.11

 
$
(1.34
)
 
 
 
 
 
 
 
 
Earnings (loss) per common share from continuing operations – diluted
$
2.54

 
$
0.04

 
$
2.11

 
$
(2.44
)
Earnings (loss) per common share from discontinued operations – diluted
—

 
0.04

 
—

 
1.10

NET EARNINGS (LOSS) PER COMMON SHARE – DILUTED
$
2.54

 
$
0.08

 
$
2.11

 
$
(1.34
)