XML 23 R11.htm IDEA: XBRL DOCUMENT v3.19.2
Earnings per Share ("EPS")
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Earnings per Share (EPS) Earnings Per Share ("EPS"):
The following table reconciles the numerator and denominator used in the computation of EPS for the three and six months ended June 30, 2019 and 2018 (shares in thousands):
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Numerator
 
 
 
 
 
 
 
Net income (loss)
$
13,947

 
$
8,866

 
$
22,790

 
$
(25,515
)
Less net (loss) income attributable to noncontrolling interests
(1,787
)
 
1,050

 
(768
)
 
242

Net income (loss) attributable to the Company
15,734

 
7,816

 
23,558

 
(25,757
)
Allocation of earnings to participating securities
(291
)
 
(304
)
 
(573
)
 
(547
)
Numerator for basic and diluted EPS—net income attributable to common stockholders
$
15,443

 
$
7,512

 
$
22,985

 
$
(26,304
)
Denominator
 
 
 
 
 
 
 
Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)
141,344

 
141,137

 
141,303

 
141,081

EPS—net income (loss) attributable to common stockholders:
 
 
 
 
 
 
 
Basic
$
0.11

 
$
0.05

 
$
0.16

 
$
(0.19
)
Diluted
$
0.11

 
$
0.05

 
$
0.16

 
$
(0.19
)
(1)
Diluted EPS excludes 90,619 convertible preferred partnership units for the three and six months ended June 30, 2019 and 2018, as their impact was antidilutive. Diluted EPS also excludes 10,415,278 and 10,397,726 Operating Partnership units ("OP Units") for the three months ended June 30, 2019 and 2018, respectively, and 10,415,234 and 10,344,766 OP Units for the six months ended June 30, 2019 and 2018, respectively, as their impact was antidilutive.