Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net income (loss) and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts).  

	Three Months						Nine Months
	Ended September 30,						Ended September 30,
	2019			2018			2019			2018
Numerators – Basic and Diluted
Net income (loss)	$	23,901		$	(8,692	)	$	77,533		$	(65,222	)
Plus: Income attributable to non-controlling interests		(271	)		(239	)		(836	)		(1,191	)
Less: Preferred dividends		(8,382	)		(8,382	)		(25,148	)		(25,148	)
Less: Earnings attributable to unvested shares and operating    partnership units		(174	)		(119	)		(520	)		(971	)
Net income (loss) attributable to common shareholders after    allocation to participating securities	$	15,074		$	(17,432	)	$	51,029		$	(92,532	)
Denominators – Number of Shares
Basic—Average shares outstanding		180,567			184,655			180,555			184,616
Assumed conversion of diluted securities		940			—			1,064			—
Diluted—Average shares outstanding		181,507			184,655			181,619			184,616
Earnings (Loss) Per Share:
Basic	$	0.08		$	(0.09	)	$	0.28		$	(0.50	)
Diluted	$	0.08		$	(0.09	)	$	0.28		$	(0.50	)