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Earnings per Share and Unit (Tables)
6 Months Ended
Jun. 30, 2020
Schedule of earnings per share

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

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

(in thousands, except per share data)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) attributable to common stockholders - basic

 

$

19,046

 

 

 

51,728

 

 

$

(6,286

)

 

$

142,174

 

Income (loss) attributable to common stockholders - diluted

 

$

19,046

 

 

 

51,728

 

 

$

(6,286

)

 

 

142,174

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic EPS

 

 

169,643

 

 

 

167,536

 

 

 

168,781

 

 

 

167,488

 

Weighted average common shares outstanding for diluted EPS (1)

 

 

169,971

 

 

 

167,962

 

 

 

168,781

 

 

 

167,877

 

Income (loss) per common share – basic

 

$

0.11

 

 

 

0.31

 

 

$

(0.04

)

 

 

0.85

 

Income (loss) per common share – diluted

 

$

0.11

 

 

 

0.31

 

 

$

(0.04

)

 

 

0.85

 

 

(1)

The six months ended June 30, 2020 excludes the impact of unvested restricted stock because they would be anti-dilutive, while all other periods presented include 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 June 30,

 

 

Six months ended June 30,

 

(in thousands, except per share data)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) attributable to common unit holders - basic

 

$

19,133

 

 

 

51,837

 

 

$

(6,314

)

 

$

142,473

 

Income (loss) attributable to common unit holders - diluted

 

$

19,133

 

 

 

51,837

 

 

$

(6,314

)

 

 

142,473

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common units outstanding for basic EPU

 

 

170,409

 

 

 

167,886

 

 

 

169,546

 

 

 

167,838

 

Weighted average common units outstanding for diluted EPU (1)

 

 

170,736

 

 

 

168,312

 

 

 

169,546

 

 

 

168,227

 

Income (loss) per common unit – basic

 

$

0.11

 

 

 

0.31

 

 

$

(0.04

)

 

 

0.85

 

Income (loss) per common unit – diluted

 

$

0.11

 

 

 

0.31

 

 

$

(0.04

)

 

 

0.85

 

 

(1)

The six months ended June 30, 2020 excludes the impact of unvested restricted stock because they would be anti-dilutive, while all other periods presented include the dilutive impact of unvested restricted stock.