Earnings Per Share

9 Months Ended

Sep. 30, 2020

The components of the computation of basic and diluted EPS are as follows:


	Three-Month Period Ended				Nine-Month Period Ended
(In thousands except share amounts)	September 30, 2020		September 30, 2019		September 30, 2020		September 30, 2019
Net income (loss) attributable to common stockholders	$	46,203	$	17,293	$	(45,917)	$	45,345
Add: Net income (loss) attributable to Convertible Non-controlling Interests(1)	647		387		(916)		1,079
Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests	46,850		17,680		(46,833)		46,424
Dividends Paid:
Common stockholders	(11,821)		(14,185)		(42,514)		(43,038)
Convertible Non-controlling Interests	(166)		(309)		(627)		(1,021)
Total dividends paid to common stockholders and Convertible Non-controlling Interests	(11,987)		(14,494)		(43,141)		(44,059)
Undistributed (Distributed in excess of) earnings:
Common stockholders	34,382		3,108		(88,431)		2,307
Convertible Non-controlling Interests	481		78		(1,543)		58
Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests	$	34,863	$	3,186	$	(89,974)	$	2,365
Weighted average shares outstanding (basic and diluted):
Weighted average shares of common stock outstanding	43,779,134		32,835,652		43,387,168		30,787,634
Weighted average Convertible Non-controlling Interest Units outstanding	613,319		735,789		635,836		734,186
Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding	44,392,453		33,571,441		44,023,004		31,521,820
Basic earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed	$	0.27	$	0.42	$	0.97	$	1.39
Undistributed (Distributed in excess of)	0.79		0.11		(2.03)		0.08
	$	1.06	$	0.53	$	(1.06)	$	1.47
Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed	$	0.27	$	0.42	$	0.97	$	1.39
Undistributed (Distributed in excess of)	0.79		0.11		(2.03)		0.08
	$	1.06	$	0.53	$	(1.06)	$	1.47

(1)For the three-month periods ended September 30, 2020 and 2019, excludes net income (loss) of $0.9 million and $1.0 million, respectively, attributable to joint venture partners, which have non-participating interests as described in Note 15. For the nine-month periods ended September 30, 2020 and 2019, excludes net income (loss) of $2.8 million and $2.4 million, respectively, attributable to joint venture partners, which have non-participating interests as described in Note 15.