Earnings Per Share ("EPS")

12 Months Ended

Dec. 31, 2020

Earnings Per Share ("EPS"):

The following table reconciles the numerator and denominator used in the computation of earnings per share for the years ended December 31 (shares in thousands):


	2020		2019		2018
Numerator
Net (loss) income	$	(245,462)	$	102,554	$	68,972
Net (loss) income attributable to noncontrolling interests	15,259		(5,734)		(8,952)
Net (loss) income attributable to the Company	(230,203)		96,820		60,020
Allocation of earnings to participating securities	(1,048)		(1,190)		(1,106)
Numerator for basic and diluted EPS—net (loss) income attributable to common stockholders	$	(231,251)	$	95,630	$	58,914
Denominator
Denominator for basic EPS—weighted average number of common shares outstanding	146,232		141,340		141,142
Effect of dilutive securities (1)

Share and unit based compensation	—		—		2
Denominator for diluted EPS—weighted average number of common shares outstanding	146,232		141,340		141,144
EPS—net (loss) income attributable to common stockholders:
Basic	$	(1.58)	$	0.68	$	0.42
Diluted	$	(1.58)	$	0.68	$	0.42

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(1)Diluted EPS excludes 97,926, 90,619 and 90,619 convertible preferred units for the years ended December 31, 2020, 2019 and 2018, respectively, as their impact was antidilutive.

Diluted EPS excludes 10,688,179, 10,415,291 and 10,360,390 Operating Partnership units ("OP Units") for the years ended December 31, 2020, 2019 and 2018, respectively, as their effect was antidilutive.