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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Computation of Company's Earnings Per Share (EPS) and Reconciliation of Net (Loss) Income from Continuing Operations and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net loss from continuing operations and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts).  Further, all per share amounts and average shares outstanding have been restated to reflect the May 2018 reverse stock split described in Note 1.

 

 

Three Months

 

 

Nine Months

 

 

Ended September 30,

 

 

Ended September 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerators Basic and Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations

$

(8,816

)

 

$

(43,060

)

 

$

(104,865

)

 

$

(149,936

)

Plus: Gain on disposition of real estate

 

124

 

 

 

44,291

 

 

 

39,643

 

 

 

127,017

 

Plus: Income attributable to non-controlling interests

 

(239

)

 

 

(248

)

 

 

(1,191

)

 

 

(728

)

Less: Preferred dividends

 

(8,382

)

 

 

(8,383

)

 

 

(25,148

)

 

 

(20,376

)

Less: Earnings attributable to unvested shares and operating

   partnership units

 

(119

)

 

 

(241

)

 

 

(971

)

 

 

(743

)

Net loss attributable to common shareholders after

   allocation to participating securities

$

(17,432

)

 

$

(7,641

)

 

$

(92,532

)

 

$

(44,766

)

Denominators Number of Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and DilutedAverage shares outstanding

 

184,655

 

 

 

183,843

 

 

 

184,616

 

 

 

183,519

 

Loss Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted

$

(0.09

)

 

$

(0.04

)

 

$

(0.50

)

 

$

(0.24

)