Earnings Per Share

3 Months Ended

Mar. 31, 2020

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, 2020 and 2019:


	Three Months Ended March 31,
	2020		2019
BASIC


Net income attributable to common shareholders	$	16,536	$	26,405
Weighted-average number of common shares outstanding - basic	253,038,161		232,538,495

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

DILUTED
Net income attributable to common shareholders - basic	$	16,536	$	26,405
Impact of assumed conversions	107		1
Net income attributable to common shareholders	$	16,643	$	26,406

Weighted-average common shares outstanding - basic	253,038,161		232,538,495
Effect of dilutive securities:

Unvested share-based payment awards and options	1,160,994		53,274


OP Units	3,148,122		3,550,374

Weighted-average common shares outstanding - diluted	257,347,277		236,142,143


Net income attributable to common shareholders - per common share diluted	$	0.06	$	0.11

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.