Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table summarizes the basic and diluted earnings per share calculations for the three and nine months ended September 30, 2020 and 2019 (in thousands, except shares and per share amounts):    

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net income (loss) attributable to the Company	$	16,964	$	(10,663)	$	(1,210)	$	2,633
Adjustments to net income (loss) attributable to the Company	—		209		40		27
Net income (loss) attributable to common shareholders	$	16,964	$	(10,454)	$	(1,170)	$	2,660
Numerator—basic common shares:
Net income (loss) attributable to common shareholders	$	16,964	$	(10,454)	$	(1,170)	$	2,660
Less: net income allocated to participating securities	$	567	$	—	$	—	$	114
Allocation of net income (loss) among common shareholders	$	16,397	$	(10,454)	$	(1,170)	$	2,546
Numerator for basic net income (loss) available to Class A common shareholders	$	16,392	$	(10,451)	$	(1,170)	$	2,545
Numerator for basic net income (loss) available to Class B common shareholders	$	5	$	(3)	$	—	$	1
Numerator—diluted common shares:
Net income (loss) attributable to common shareholders	$	16,964	$	(10,454)	$	(1,170)	$	2,660
Reallocation of income (loss) to Company upon assumed exchange of units	$	18,693	$	—	$	(46)	$	3,028
Less: net income allocated to participating securities	$	567	$	—	$	—	$	114
Allocation of net income (loss) among common shareholders	$	35,090	$	(10,454)	$	(1,216)	$	5,574
Numerator for diluted net income (loss) available to Class A common shareholders	$	35,085	$	(10,451)	$	(1,216)	$	5,573
Numerator for diluted net income (loss) available to Class B common shareholders	$	5	$	(3)	$	—	$	1
Denominator:
Basic weighted average Class A common shares outstanding	66,746,065		66,276,694		66,709,190		66,248,431
Diluted weighted average Class A common shares outstanding	142,866,245		66,276,694		68,848,283		145,456,670
Basic weighted average Class B common shares outstanding	79,233,544		79,275,234		79,233,544		79,204,883
Diluted weighted average Class B common shares outstanding	79,233,544		79,275,234		79,233,544		79,276,016
Basic income (loss) per share:
Class A common shares	$	0.25	$	(0.16)	$	(0.02)	$	0.04
Class B common shares	$	0.00	$	(0.00)	$	(0.00)	$	0.00
Diluted income (loss) per share:
Class A common shares	$	0.25	$	(0.16)	$	(0.02)	$	0.04
Class B common shares	$	0.00	$	(0.00)	$	(0.00)	$	0.00
Anti-dilutive potential RSUs	—		36,289		—		—
Anti-dilutive potential Performance RSUs	338,813		388,155		338,813		388,155
Anti-dilutive potential Restricted Shares (weighted average)	—		2,238,054		1,717,022		—
Anti-dilutive potential Performance Restricted Shares (weighted average)	—		776,312		701,039		—
Anti-dilutive potential Class A common shares (weighted average)	3,137,134		79,299,016		76,120,180		—