Earnings per share (Tables)

12 Months Ended

Dec. 31, 2020

Summary of basic and diluted earnings per share

The computation of basic and diluted net income (loss) per share is as follows (in thousands, except per share data):


	Year Ended December 31,
	2020		2019		2018
Numerator:
Net income (loss)	$	14,576	$	31,665	$	(7,175)
(Income) loss attributable to noncontrolling interests	1,330		(374)		2,715
Preferred stock dividends	(28,180)		(28,180)		(16,666)
Earnings attributable to participating securities	(16,360)		(7,828)		(947)
Net loss available to common stockholders after allocation to participating securities	$	(28,634)	$	(4,717)	$	(22,073)
Denominator:
Weighted average shares outstanding - basic	60,717		54,837		50,433
Effect of Class O units, TSR units, FFO units and options to purchase Class A common stock on an "as if" converted basis	—		—		—
Weighted average shares outstanding - diluted	60,717		54,837		50,433

Basic net loss per share *	$	(0.47)	$	(0.09)	$	(0.44)

Diluted net loss per share *	$	(0.47)	$	(0.09)	$	(0.44)

* Note: The calculations of basic and diluted net income (loss) per share above do not include the following number of Class A partnership units, Class O units, TSR units, FFO units and options to purchase common stock on an "as if" converted basis, and the effects of Series B Convertible preferred stock on an “as if” converted basis as their respective inclusions would have been antidilutive:


	Year Ended December 31,
	2020	2019	2018
Class A Partnership units	6,648	6,671	6,653
Class O units, TSR units, FFO units and options to purchase common stock on an "as if" converted basis	1,118	518	350
Series B Convertible preferred stock on an "as if" converted basis	6,778	6,729	3,484