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Earnings Per Share
 6 Months Ended
Jun. 30, 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
 
Six-Month
Period Ended
(In thousands except share amounts)
 
June 30, 2020
 
June 30, 2019
 
June 30, 2020
 
June 30, 2019
Net income (loss) attributable to common stockholders
 
$
37,278

 
$
12,644

 
$
(92,120
)
 
$
28,052

Add: Net income (loss) attributable to Convertible Non-controlling Interests(1)
 
519

 
312

 
(1,563
)
 
692

Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests
 
37,797

 
12,956

 
(93,683
)
 
28,744

Dividends Paid:
 
 
 
 
 
 
 
 
Common stockholders
 
(10,945
)
 
(12,493
)
 
(30,693
)
 
(28,853
)
Convertible Non-controlling Interests
 
(152
)
 
(308
)
 
(461
)
 
(712
)
Total dividends paid to common stockholders and Convertible Non-controlling Interests
 
(11,097
)
 
(12,801
)
 
(31,154
)
 
(29,565
)
Undistributed (Distributed in excess of) earnings:
 
 
 
 
 
 
 
 
Common stockholders
 
26,333

 
151

 
(122,813
)
 
(801
)
Convertible Non-controlling Interests
 
367

 
4

 
(2,024
)
 
(20
)
Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests
 
$
26,700

 
$
155

 
$
(124,837
)
 
$
(821
)
Weighted average shares outstanding (basic and diluted):
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
 
43,779,924

 
29,745,776

 
43,189,031

 
29,746,652

Weighted average Convertible Non-controlling Interest Units outstanding
 
608,936

 
733,371

 
647,218

 
733,371

Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding
 
44,388,860

 
30,479,147

 
43,836,249

 
30,480,023

Basic earnings per share of common stock and Convertible Non-controlling Interest Unit:
 
 
 
 
 
 
 
 
Distributed
 
$
0.25

 
$
0.42

 
$
0.70

 
$
0.97

Undistributed (Distributed in excess of)
 
0.60

 
0.01

 
(2.83
)
 
(0.03
)
 
 
$
0.85

 
$
0.43

 
$
(2.13
)
 
$
0.94

Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit:
 
 
 
 
 
 
 
 
Distributed
 
$
0.25

 
$
0.42

 
$
0.70

 
$
0.97

Undistributed (Distributed in excess of)
 
0.60

 
0.01

 
(2.83
)
 
(0.03
)
 
 
$
0.85

 
$
0.43

 
$
(2.13
)
 
$
0.94

(1)
For each of the three-month periods ended June 30, 2020 and 2019, excludes net income (loss) of $0.7 million, attributable to joint venture partners, which have non-participating interests as described in Note 15. For the six-month periods ended June 30, 2020 and 2019, excludes net income (loss) of $1.9 million and $1.4 million, respectively, attributable to joint venture partners, which have non-participating interests as described in Note 15.