| 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 |
|
|