Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

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


	Year Ended December 31,
(In thousands except share amounts)	2021		2020		2019
Net income (loss) attributable to common stockholders	$	125,346	$	17,245	$	56,467
Add: Net income (loss) attributable to Convertible Non-controlling Interests(1)	1,783		(3)		1,305
Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests	127,129		17,242		57,772
Dividends declared:
Common stockholders	(81,104)		(55,211)		(58,499)
Convertible Non-controlling Interests	(1,120)		(812)		(1,325)
Total dividends declared to common stockholders and Convertible Non-controlling Interests	(82,224)		(56,023)		(59,824)
Undistributed (Distributed in excess of) earnings:
Common stockholders	44,242		(37,966)		(2,032)
Convertible Non-controlling Interests	663		(815)		(20)
Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests	$	44,905	$	(38,781)	$	(2,052)
Weighted average shares outstanding (basic and diluted):
Weighted average shares of common stock outstanding	48,535,221		43,486,336		32,067,768
Weighted average Convertible Non-controlling Interest Units outstanding	679,710		635,245		732,456
Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding	49,214,931		44,121,581		32,800,224
Basic earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed	$	1.64	$	1.26	$	1.81
Undistributed (Distributed in excess of)	0.94		(0.87)		(0.05)
	$	2.58	$	0.39	$	1.76
Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed	$	1.64	$	1.26	$	1.81
Undistributed (Distributed in excess of)	0.94		(0.87)		(0.05)
	$	2.58	$	0.39	$	1.76

(1)For the years ended December 31, 2021, 2020, and 2019, excludes net income (loss) of $5.3 million, $3.4 million, and $3.9 million, respectively, attributable to joint venture partners, which have non-participating interests as described in Note 15.