Earnings Per Share ("EPS")

6 Months Ended

Jun. 30, 2020

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, 2020 and 2019 (shares in thousands):


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2020		2019		2020		2019
Numerator
Net (loss) income	$	(26,727)	$	13,947	$	(17,996)	$	22,790
Less net loss attributable to noncontrolling interests	(1,611)		(1,787)		(402)		(768)
Net (loss) income attributable to the Company	(25,116)		15,734		(17,594)		23,558
Allocation of earnings to participating securities	(297)		(291)		(619)		(573)
Numerator for basic and diluted EPS—net (loss) income attributable to common stockholders	$	(25,413)	$	15,443	$	(18,213)	$	22,985
Denominator



Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)	144,102		141,344		142,769		141,303
EPS—net (loss) income attributable to common stockholders
Basic and diluted	$	(0.18)	$	0.11	$	(0.13)	$	0.16

(1) Diluted EPS excludes 94,619 and 90,619 convertible preferred partnership units for the three months ended June 30, 2020 and 2019, respectively, and 92,619 and 90,619 for the six months ended June 30, 2020 and 2019, respectively, as their impact was antidilutive. Diluted EPS also excludes 10,504,452 and 10,415,278 Operating Partnership units ("OP Units") for the three months ended June 30, 2020 and 2019, respectively, and 10,491,138 and 10,415,234 OP Units for the six months ended June 30, 2020 and 2019, respectively, as their impact was antidilutive.