XML 25 R24.htm IDEA: XBRL DOCUMENT v3.20.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The components of the computation of basic and diluted EPS are as follows:
 
Three-Month Period Ended
 
March 31, 2020
 
March 31, 2019
(In thousands except share amounts)
 
 
 
Net income (loss) attributable to common stockholders
$
(129,398
)
 
$
15,408

Add: Net income (loss) attributable to Convertible Non-controlling Interests(1)
(2,055
)
 
380

Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests
(131,453
)
 
15,788

Dividends Paid:
 
 
 
Common stockholders
(19,748
)
 
(16,360
)
Convertible Non-controlling Interests
(309
)
 
(404
)
Total dividends paid to common stockholders and Convertible Non-controlling Interests
(20,057
)
 
(16,764
)
Undistributed (Distributed in excess of) earnings:
 
 
 
Common stockholders
(149,146
)
 
(952
)
Convertible Non-controlling Interests
(2,364
)
 
(24
)
Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests
$
(151,510
)
 
$
(976
)
Weighted average shares outstanding (basic and diluted):
 
 
 
Weighted average shares of common stock outstanding
42,598,138

 
29,747,537

Weighted average Convertible Non-controlling Interest Units outstanding
685,500

 
733,371

Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding
43,283,638

 
30,480,908

Basic earnings per share of common stock and Convertible Non-controlling Interest Unit:
 
 
 
Distributed
$
0.45

 
$
0.55

Undistributed (Distributed in excess of)
(3.49
)
 
(0.03
)
 
$
(3.04
)
 
$
0.52

Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit:
 
 
 
Distributed
$
0.45

 
$
0.55

Undistributed (Distributed in excess of)
(3.49
)
 
(0.03
)
 
$
(3.04
)
 
$
0.52

(1)
For the three-month periods ended March 31, 2020 and 2019, excludes net income (loss) of $1.2 million and $0.7 million, respectively, attributable to joint venture partners, which have non-participating interests as described in Note 15.