| 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.
|