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Earnings Per Share
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
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 and six months ended June 30, 2019 and 2018:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
BASIC
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders
$
21,721

 
$
(3,327
)
 
$
48,130

 
$
(19,284
)
Weighted-average number of common shares outstanding - basic
232,635,137

 
237,312,726

 
232,587,083

 
237,690,306


 

 
 
 
 

 
 

Net income (loss) attributable to common shareholders - per common share basic
$
0.09

 
$
(0.01
)
 
$
0.21

 
$
(0.08
)
 
 
 
 
 
 
 
 
DILUTED
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders - basic
$
21,721

 
$
(3,327
)
 
$
48,130

 
$
(19,284
)
Impact of assumed conversions
165

 
—

 
166

 
—

Net income (loss) attributable to common shareholders
$
21,886

 
$
(3,327
)
 
$
48,296

 
$
(19,284
)
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
232,635,137

 
237,312,726

 
232,587,083

 
237,690,306

Effect of dilutive securities:
 
 
 
 
 
 
 
Unvested share-based payment awards and options
129,810

 
—

 
91,637

 
—

OP Units
3,534,931

 
—

 
3,542,610

 
—

Weighted-average common shares outstanding - diluted
236,299,878

 
237,312,726

 
236,221,330

 
237,690,306

 
 
 
 
 
 
 
 
Net income (loss) attributable to common shareholders - per common share diluted
$
0.09

 
$
(0.01
)
 
$
0.20

 
$
(0.08
)

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.