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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2021
Schedule of Calculation of Numerator and Denominator in Earnings Per Share

A reconciliation of the numerator and denominator of the basic earnings per share computation to the numerator and denominator of the diluted earnings per share computation is as follows (in thousands, except per share data):

 

 

 

For the Three Months Ended

September 30,

 

 

For the Nine Months Ended

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

NUMERATOR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

 

$

30,012

 

 

$

26,717

 

 

$

(79,933

)

 

$

80,960

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

 

$

30,012

 

 

$

26,717

 

 

$

(79,933

)

 

$

80,960

 

Net income attributable to non-controlling interest

 

 

 

 

 

 

 

 

 

 

 

1,181

 

Diluted net income (loss) attributable to common

    stockholders

 

$

30,012

 

 

$

26,717

 

 

$

(79,933

)

 

$

82,141

 

DENOMINATOR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

120,285

 

 

 

119,632

 

 

 

120,161

 

 

 

119,533

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

120,285

 

 

 

119,632

 

 

 

120,161

 

 

 

119,533

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock-based awards

 

641

 

 

 

6

 

 

397

 

 

 

25

 

Non-controlling interest – Operating Partnership

     Units

 

 

1,123

 

 

 

1,342

 

 

 

1,269

 

 

 

1,342

 

Weighted average shares and assumed conversions

 

 

122,049

 

 

 

120,980

 

 

 

121,827

 

 

 

120,900

 

BASIC EARNINGS (LOSS) PER SHARE

 

$

0.25

 

 

$

0.22

 

 

$

(0.67

)

 

$

0.68

 

DILUTED EARNINGS (LOSS) PER SHARE

 

$

0.25

 

 

$

0.22

 

 

$

(0.67

)

 

$

0.68