Earnings Per Share

A portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company.

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the three months ended March 31, 2019 and 2018:



	Three Months Ended March 31,
	2019		2018
BASIC
Net income (loss) attributable to common shareholders	$	26,405	$	(15,957	)
Weighted-average number of common shares outstanding - basic	232,538,495		238,072,081

Net income (loss) attributable to common shareholders - per common share basic	$	0.11	$	(0.07	)

DILUTED
Net income (loss) attributable to common shareholders - basic	$	26,405	$	(15,957	)
Impact of assumed conversions	1		—
Net income (loss) attributable to common shareholders	$	26,406	$	(15,957	)

Weighted-average common shares outstanding - basic	232,538,495		238,072,081
Effect of dilutive securities:
Unvested share-based payment awards and options	53,274		—
OP Units	3,550,374		—
Weighted-average common shares outstanding - diluted	236,142,143		238,072,081

Net income (loss) attributable to common shareholders - per common share diluted	$	0.11	$	(0.07	)

For per common share amounts, all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods.