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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

 

Year Ended December 31,

 

(dollars in thousands)

2019

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Acadia

$

53,045

 

 

$

31,439

 

 

$

61,470

 

Less: net income attributable to participating securities

 

(413

)

 

 

(267

)

 

 

(642

)

Income from continuing operations net of income attributable to participating securities

$

52,632

 

 

$

31,172

 

 

$

60,828

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares for basic earnings per share

 

84,435,826

 

 

 

82,080,159

 

 

 

83,682,789

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

Employee unvested restricted shares

 

 

 

 

 

 

 

2,682

 

Denominator for diluted earnings per share

 

84,435,826

 

 

 

82,080,159

 

 

 

83,685,471

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per Common Share from continuing operations attributable to Acadia

$

0.62

 

 

$

0.38

 

 

$

0.73

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-Dilutive Shares Excluded from Denominator:

 

 

 

 

 

 

 

 

 

 

 

Series A Preferred OP Units

 

188

 

 

 

188

 

 

 

188

 

Series A Preferred OP Units - Common share equivalent

 

25,067

 

 

 

25,067

 

 

 

25,067

 

 

 

 

 

 

 

 

 

 

 

 

 

Series C Preferred OP Units

 

136,593

 

 

 

136,593

 

 

 

136,593

 

Series C Preferred OP Units - Common share equivalent

 

474,278

 

 

 

474,278

 

 

 

479,978

 

Restricted shares

 

40,821

 

 

 

36,879

 

 

 

41,299