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Beneficiaries Equity of the Parent Company (Tables)
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Earnings Per Share (EPS), Basic and Diluted

The following tables detail the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):

  

 

Three-month periods ended September 30,

 

 

2018

 

 

2017

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

$

(43,262

)

 

$

(43,262

)

 

$

19,046

 

 

$

19,046

 

Net (income) loss attributable to noncontrolling interests

 

339

 

 

 

339

 

 

 

(170

)

 

 

(170

)

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(80

)

 

 

(80

)

 

 

(73

)

 

 

(73

)

Net income (loss) attributable to common shareholders

$

(43,003

)

 

$

(43,003

)

 

$

18,803

 

 

$

18,803

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

178,602,622

 

 

 

178,602,622

 

 

 

175,433,657

 

 

 

175,433,657

 

Contingent securities/Share based compensation

 

-

 

 

 

-

 

 

 

-

 

 

 

1,401,365

 

Weighted-average shares outstanding

 

178,602,622

 

 

 

178,602,622

 

 

 

175,433,657

 

 

 

176,835,022

 

Earnings (loss) per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common shareholders

$

(0.24

)

 

$

(0.24

)

 

$

0.11

 

 

$

0.11

 

 

 

Nine-month periods ended September 30,

 

 

2018

 

 

2017

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

14,579

 

 

$

14,579

 

 

$

48,015

 

 

$

48,015

 

Net income attributable to noncontrolling interests

 

(167

)

 

 

(167

)

 

 

(384

)

 

 

(384

)

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(280

)

 

 

(280

)

 

 

(245

)

 

 

(245

)

Distribution to preferred shareholders

 

-

 

 

 

-

 

 

 

(2,032

)

 

 

(2,032

)

Preferred share redemption charge

 

-

 

 

 

-

 

 

 

(3,181

)

 

 

(3,181

)

Net income attributable to common shareholders

$

14,132

 

 

$

14,132

 

 

$

42,173

 

 

$

42,173

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

178,515,993

 

 

 

178,515,993

 

 

 

175,315,581

 

 

 

175,315,581

 

Contingent securities/Share based compensation

 

-

 

 

 

1,236,551

 

 

 

-

 

 

 

1,283,751

 

Weighted-average shares outstanding

 

178,515,993

 

 

 

179,752,544

 

 

 

175,315,581

 

 

 

176,599,332

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

$

0.08

 

 

$

0.08

 

 

$

0.24

 

 

$

0.24