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 | | | — | | | | | | | | | |
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