EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted EPS

The following table presents a reconciliation of the numerator and denominator used to calculate basic and diluted earnings per share reported in the Condensed Consolidated Financial Statements for the three and six months ended June 30, 2021 and 2020:  

	(in thousands, except per share data)
	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
NUMERATOR
Net income (loss) attributable to controlling interests	$	21,538	$	(3,803)	$	16,671	$	(10,810)
Dividends to preferred shareholders	(1,607)		(1,609)		(3,214)		(3,314)
Redemption of preferred shares	—		25		—		298
Numerator for basic earnings (loss) per share – net income available to common shareholders	19,931		(5,387)		13,457		(13,826)
Noncontrolling interests – Operating Partnership	1,386		(447)		917		(1,139)
Dividends to preferred unitholders	160		160		320		320
Numerator for diluted earnings (loss) per share	$	21,477	$	(5,674)	$	14,694	$	(14,645)
DENOMINATOR
Denominator for basic earnings per share weighted average shares	13,353		12,280		13,216		12,192
Effect of redeemable operating partnership units	916		1,037		939		1,047
Effect of Series D preferred units	228		—		228		—
Effect of dilutive restricted stock units and stock options	17		—		18		—
Denominator for diluted earnings per share	14,514		13,317		14,401		13,239
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC	$	1.49	$	(0.44)	$	1.02	$	(1.13)
NET EARNINGS (LOSS) PER COMMON SHARE – DILUTED	$	1.48	$	(0.44)	$	1.02	$	(1.13)