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Earnings per Share and Unit (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per share:

		Three months ended March 31,
(in thousands, except per share data)		2020				2019
Numerator:
(Loss) income attributable to common stockholders - basic		$	(25,332	)			90,446
(Loss) income attributable to common stockholders - diluted		$	(25,332	)			90,446
Denominator:
Weighted average common shares outstanding for basic EPS			167,908				167,440
Weighted average common shares outstanding for diluted EPS ⁽¹⁾			167,908				167,717
(Loss) income per common share – basic		$	(0.15	)			0.54
(Loss) income per common share – diluted		$	(0.15	)			0.54

⁽¹⁾	The three months ended March 31, 2020 excludes the impact of unvested restricted stock because they would be anti-dilutive. The three months ended March 31, 2019 includes the dilutive impact of unvested restricted stock.

Partnership Interest [Member]

Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per unit:

		Three months ended March 31,
(in thousands, except per share data)		2020				2019
Numerator:
(Loss) income attributable to common unit holders - basic		$	(25,447	)			90,636
(Loss) income attributable to common unit holders - diluted		$	(25,447	)			90,636
Denominator:
Weighted average common units outstanding for basic EPU			168,673				167,790
Weighted average common units outstanding for diluted EPU ⁽¹⁾			168,673				168,067
(Loss) income per common unit – basic		$	(0.15	)			0.54
(Loss) income per common unit – diluted		$	(0.15	)			0.54

⁽¹⁾	The three months ended March 31, 2020 excludes the impact of unvested restricted stock because they would be anti-dilutive. The three months ended March 31, 2019 includes the dilutive impact of unvested restricted stock.