Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

Computations of basic and diluted earnings / (loss) per share were as follows (in thousands, except per share data):



	Three Months Ended June 30,						Six Months Ended June 30,
Numerator	2017			2016			2017			2016
Net income / (loss) attributable to common stockholders	$	12,364		$	(7,803	)	$	33,468		$	72
Allocation to restricted stock awards	(9		)	242			(267		)	179
Basic earnings: Net income / (loss) attributable to common stockholders after allocation	12,355			(7,561		)	33,201			251
Allocation to restricted stock awards	9			(242		)	267			(179		)
Diluted earnings: Net income / (loss) attributable to common stockholders after allocation	$	12,364		$	(7,803	)	$	33,468		$	72

Denominator
Weighted average common shares outstanding	74,678			64,757			73,677			61,247
Add: dilutive stock options	2			—			2			9
Add: dilutive restricted stock	474			—			593			417
Diluted weighted average common shares and securities	75,154			64,757			74,272			61,673
Earnings / (loss) per share available to common stockholders after allocation:
Basic	$	0.16		$	(0.12	)	$	0.45		$	0.00
Diluted	$	0.16		$	(0.12	)	$	0.45		$	0.00

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

The following table presents the outstanding securities that were excluded from the computation of diluted earnings per share as of June 30, 2017 and 2016 (in thousands):



	As of June 30,
	2017	2016
Common OP units	2,770	2,863
Series A-1 preferred OP units	361	378
Series A-3 preferred OP units	40	40
Series A-4 preferred OP units	429	748
Series A-4 preferred stock	1,085	1,682
Series C preferred OP units	328	340
Aspen preferred OP units	1,284	1,284
Total securities	6,297	7,335