Earnings Per Share ("EPS")

3 Months Ended

Mar. 31, 2020

Earnings Per Share ("EPS"):

The following table reconciles the numerator and denominator used in the computation of EPS for the three months ended March 31, 2020 and 2019 (shares in thousands):


	For the Three Months Ended March 31,
	2020		2019
Numerator
Net income	$	8,731	$	8,843
Less net income attributable to noncontrolling interests	(1,209)		(1,019)
Net income attributable to the Company	7,522		7,824
Allocation of earnings to participating securities	(322)		(281)
Numerator for basic and diluted EPS—net income attributable to common stockholders	$	7,200	$	7,543
Denominator



Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)	141,437		141,262
EPS—net income attributable to common stockholders
Basic and diluted	$	0.05	$	0.05

(1) Diluted EPS excludes 90,619 convertible preferred partnership units for the three months ended March 31, 2020 and 2019, as their impact was antidilutive. Diluted EPS also excludes 10,477,827 and 10,415,190 Operating Partnership units ("OP Units") for the three months ended March 31, 2020 and 2019, respectively, as their impact was antidilutive.