Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

The computations of the numerator (income) and denominator (shares) to derive the basic and diluted EPS amounts presented on the face of the accompanying consolidated statements of operations are as follows (in thousands):



	Year Ended December 31,
	2019				2018				2017
	Income			Shares	Income			Shares	Income			Shares
Basic:
Net income attributable to common shareholders	$	57,919			$	28,598			$	30,052
Less: Undistributed earnings allocated to participating securities	(487		)		(273		)		(356		)
Accretion of redeemable noncontrolling interests	(143		)		—				—
Net income available to common shareholders, basic	$	57,289		147,536	$	28,325		146,702	$	29,696		145,295



Diluted:
Net income available to common shareholders, basic	$	57,289	147,536	$	28,325	146,702	$	29,696	145,295
Effect of dilutive securities:
Share-based awards other than participating securities	—		2,041	—		128	—		5
Undistributed earnings reallocated to participating securities	6		—	1		—	—		—
Net income available to common shareholders, diluted	$	57,295	149,577	$	28,326	146,830	$	29,696	145,300

Schedule of shares excluded from diluted EPS calculation

The following potentially dilutive shares related to the 2022 Notes, the 2023 Notes and the 2032 Notes were excluded from the diluted EPS calculation as they were anti-dilutive (in thousands):



	Year Ended December 31,
	2019	2018	2017

2022 Notes	8,997	8,997	8,997
2023 Notes	13,202	10,344	—
2032 Notes ⁽¹⁾	—	524	2,403

(1)

The 2032 Notes were fully redeemed in May 2018.