Earnings Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Earnings / (Loss) Per Share

We have outstanding stock options and unvested restricted common shares. Our Operating Partnership has outstanding common OP units, Series A-1 preferred OP units, Series A-3 preferred OP units, Series C preferred OP units, Series D preferred OP units, Series E preferred OP units, and Aspen preferred OP Units, which, if converted or exercised, may impact dilution.

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

	Three Months Ended
	March 31, 2020			March 31, 2019
Numerator
Net Income / (Loss) Attributable to Sun Communities, Inc. Common Stockholders	$	(16,086	)	$	34,331
Less allocation to restricted stock awards	(254		)	437
Basic earnings - Net income / (loss) attributable to common stockholders after allocation to restricted stock awards	$	(15,832	)	$	33,894
Add allocation to restricted stock awards	(254		)	437
Diluted earnings - Net income attributable to common stockholders after allocation to restricted stock awards	$	(16,086	)	$	34,331

Denominator
Weighted average common shares outstanding	92,410			85,520
Add: dilutive stock options	1			1
Add: dilutive restricted stock	524			512
Diluted weighted average common shares and securities	92,935			86,033
Earnings / (Loss) Per Share Available to Common Stockholders After Allocation
Basic earnings / (loss) per share	$	(0.17	)	$	0.40
Diluted earnings / (loss) per share	$	(0.17	)	$	0.40

We have excluded certain convertible securities from the computation of diluted earnings per share because the inclusion of those securities would have been anti-dilutive for the periods presented. The following table presents the outstanding securities that were excluded from the computation of diluted earnings per share as of March 31, 2020 and 2019 (in thousands):

	As of
	March 31, 2020	March 31, 2019
Common OP units	2,408	2,719
A-3 preferred OP units	40	40
A-1 preferred OP units	303	328
Series C preferred OP units	310	314
Series D preferred OP units	489	489
Aspen preferred OP units	1,284	1,284
Series E preferred OP units	90	—
Series A-4 preferred stock	—	1,063
A-4 preferred OP units	—	410
Total Securities	4,924	6,647