Earnings Per Share

6 Months Ended

Jun. 30, 2021

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, 2021		June 30, 2020		June 30, 2021		June 30, 2020
Net income (loss) attributable to common stockholders	$	32,655	$	37,278	$	70,511	$	(92,120)
Add: Net income (loss) attributable to Convertible Non-controlling Interests(1)	505		519		1,082		(1,563)
Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests	33,160		37,797		71,593		(93,683)
Dividends Paid:
Common stockholders	(19,265)		(10,945)		(32,399)		(30,693)
Convertible Non-controlling Interests	(298)		(152)		(498)		(461)
Total dividends paid to common stockholders and Convertible Non-controlling Interests	(19,563)		(11,097)		(32,897)		(31,154)
Undistributed (Distributed in excess of) earnings:
Common stockholders	13,390		26,333		38,112		(122,813)
Convertible Non-controlling Interests	207		367		584		(2,024)
Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests	$	13,597	$	26,700	$	38,696	$	(124,837)
Weighted average shares outstanding (basic and diluted):
Weighted average shares of common stock outstanding	43,781,684		43,779,924		43,781,684		43,189,031
Weighted average Convertible Non-controlling Interest Units outstanding	678,178		608,936		672,371		647,218
Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding	44,459,862		44,388,860		44,454,055		43,836,249
Basic earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed	$	0.44	$	0.25	$	0.74	$	0.70
Undistributed (Distributed in excess of)	0.31		0.60		0.87		(2.83)
	$	0.75	$	0.85	$	1.61	$	(2.13)
Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed	$	0.44	$	0.25	$	0.74	$	0.70
Undistributed (Distributed in excess of)	0.31		0.60		0.87		(2.83)
	$	0.75	$	0.85	$	1.61	$	(2.13)

(1)For the three-month periods ended June 30, 2021 and 2020, excludes net income (loss) of $1.4 million and $0.7 million, respectively, attributable to joint venture partners, which have non-participating interests as described in Note 15. For the six-month periods ended June 30, 2021 and 2020, excludes net income (loss) of $2.3 million and $1.9 million, respectively, attributable to joint venture partners, which have non-participating interests as described in Note 15.