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(Loss) Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

 

Year Ended December 31,

 

(dollars in thousands)

2020

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to Acadia

$

(8,759

)

 

$

53,045

 

 

$

31,439

 

Less: net income attributable to participating securities

 

(233

)

 

 

(413

)

 

 

(267

)

(Loss) income from continuing operations net of income attributable to participating securities

$

(8,992

)

 

$

52,632

 

 

$

31,172

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares for basic earnings per share

 

86,441,922

 

 

 

84,435,826

 

 

 

82,080,159

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

Employee unvested restricted shares

 

 

 

 

 

 

 

 

Denominator for diluted earnings per share

 

86,441,922

 

 

 

84,435,826

 

 

 

82,080,159

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (loss) income and diluted earnings per Common Share from continuing operations attributable to Acadia

$

(0.10

)

 

$

0.62

 

 

$

0.38

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-Dilutive Shares Excluded from Denominator:

 

 

 

 

 

 

 

 

 

 

 

Series A Preferred OP Units

 

188

 

 

 

188

 

 

 

188

 

Series A Preferred OP Units - Common share equivalent

 

25,067

 

 

 

25,067

 

 

 

25,067

 

 

 

 

 

 

 

 

 

 

 

 

 

Series C Preferred OP Units

 

126,593

 

 

 

136,593

 

 

 

136,593

 

Series C Preferred OP Units - Common share equivalent

 

439,556

 

 

 

474,278

 

 

 

474,278

 

Restricted shares

 

76,394

 

 

 

40,821

 

 

 

36,879