Computation of basic and diluted earnings per share |
The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2019 and 2018 (in thousands): | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2019 | | 2018 | | 2019 | | 2018 | | Earnings per Common Share - basic: | | | | | | | | | Numerator: | | | | | | | | | Net income (loss) | $ | (22,582 | ) | | $ | 21,749 |
| | $ | 13,423 |
| | $ | 38,155 |
| | Net loss (income) attributable to noncontrolling interests in CPLP from continuing operations | 265 |
| | (410 | ) | | (323 | ) | | (697 | ) | | Net income attributable to other noncontrolling interests | (92 | ) | | (63 | ) | | (168 | ) | | (139 | ) | | Net income (loss) available to common stockholders | $ | (22,409 | ) | | $ | 21,276 |
| | $ | 12,932 |
| | $ | 37,319 |
| | | | | | | | | | | Denominator: | | | | | | | | | Weighted average common shares - basic | 112,926 |
| | 105,073 |
| | 109,049 |
| | 105,056 |
| | Net income (loss) per common share - basic | $ | (0.20 | ) | | $ | 0.20 |
| | $ | 0.12 |
| | $ | 0.36 |
| | | | | | | | | | | Earnings per common share - diluted: | | | | | | | | | Numerator: | | | | | | | | | Net income (loss) | $ | (22,582 | ) | | $ | 21,749 |
| | $ | 13,423 |
|
| $ | 38,155 |
| | Net income attributable to other noncontrolling interests | (92 | ) | | (63 | ) | | (168 | ) | | (139 | ) | | Net income (loss) available for common stockholders before net income attributable to noncontrolling interests in CPLP | $ | (22,674 | ) | | $ | 21,686 |
| | $ | 13,255 |
| | $ | 38,016 |
| | | | | | | | | | | Denominator: | | | | | | | | | Weighted average common shares - basic | 112,926 |
| | 105,073 |
| | 109,049 |
| | 105,056 |
| | Add: | | | | | | | | | Potential dilutive common shares - stock options | — |
| | 58 |
| | 29 |
| | 61 |
| | Weighted average units of CPLP convertible into common shares | 1,744 |
| | 1,744 |
| | 1,744 |
| | 1,744 |
| | Weighted average common shares - diluted | 114,670 |
| | 106,875 |
| | 110,822 |
| | 106,861 |
| | Net income (loss) per common share - diluted | $ | (0.20 | ) | | $ | 0.20 |
| | $ | 0.12 |
|
| $ | 0.36 |
| | | | | | | | | | | Anti-dilutive stock options outstanding | 27 |
| | — |
| | — |
| | 3 |
| |
|