Earnings and Dividends per Share and Unit (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Reconciliations of Numerator and Denominator in Calculations of Basic and Diluted Earnings (Loss) per Share and per Unit

Reconciliations of the numerator and denominator in the calculations of basic and diluted earnings (loss) per share and per unit are as follows (in thousands, except per share and per unit data):

	Three Months Ended June 30, 2021								Six Months Ended June 30, 2021
	Income (Numerator)			Shares (Denominator)		Per Share Amount			Income (Numerator)		Shares (Denominator)		Per Share Amount
Basic earnings (loss) per share:
Net income (loss) attributable to AIR common stockholders	$	(18,030	)		154,608	$	(0.12	)	$	65,166		151,609	$	0.43
Diluted earnings (loss) per share:
Effect of dilutive securities		—			—		—			—		474		—
Net income (loss) attributable to AIR common stockholders	$	(18,030	)		154,608	$	(0.12	)	$	65,166		152,083	$	0.43
Non-dilutive share equivalents outstanding					8,116							8,090

	Three Months Ended June 30, 2020						Six Months Ended June 30, 2020
	Income (Numerator)		Shares (Denominator)		Per Share Amount		Income (Numerator)		Shares (Denominator)		Per Share Amount
Basic earnings (loss) per share:
Income from continuing operations attributable to AIR	$	35,970		119,959	$	0.30	$	38,481		119,953	$	0.32
Income from discontinued operations attributable to AIR		3,242		119,959		0.03		7,410		119,953		0.06
Net income attributable to AIR common stockholders	$	39,212		119,959	$	0.33	$	45,891		119,953	$	0.38
Diluted earnings (loss) per share:
Effect of dilutive securities		—		15		—		—		115		—
Net income (loss) attributable to AIR common stockholders	$	39,212		119,974	$	0.33	$	45,891		120,068	$	0.38
Non-dilutive share equivalents outstanding				8,929						8,260

	Three Months Ended June 30, 2021								Six Months Ended June 30, 2021
	Income (Numerator)			Units (Denominator)		Per Unit Amount			Income (Numerator)		Units (Denominator)		Per Unit Amount
Basic earnings (loss) per unit:
Net income (loss) attributable to the AIR Operating Partnership's common unitholders	$	(18,975	)		162,698	$	(0.12	)	$	68,657		159,701	$	0.43
Diluted earnings (loss) per unit:
Effect of dilutive securities		—			—		—			—		474		—
Net income (loss) attributable to the AIR Operating Partnership's common unitholders	$	(18,975	)		162,698	$	(0.12	)	$	68,657		160,175	$	0.43
Non-dilutive partnership unit equivalents outstanding					1,885							1,594

	Three Months Ended June 30, 2020						Six Months Ended June 30, 2020
	Income (Numerator)		Units (Denominator)		Per Unit Amount		Income (Numerator)		Units (Denominator)		Per Unit Amount
Basic earnings (loss) per unit:
Income from continuing operations attributable to the AIR Operating Partnership	$	38,077		126,399	$	0.30	$	40,956		126,460	$	0.32
Income from discontinued operations attributable to the AIR Operating Partnership		3,242		126,399		0.03		7,410		126,460		0.06
Net income attributable to the AIR Operating Partnership's common unitholders	$	41,319		126,399	$	0.33	$	48,366		126,460	$	0.38
Diluted earnings (loss) per unit:
Effect of dilutive securities		—		15		—		—		176		—
Net income (loss) attributable to the AIR Operating Partnership's common unitholders	$	41,319		126,414	$	0.33	$	48,366		126,636	$	0.38
Non-dilutive partnership unit equivalents outstanding				2,081						1,214

Summary of Dividend and Distribution Paid per Unit

Dividends and distributions paid per share of Common Stock and per common unit were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Dividends and distributions paid	$	0.43	$	0.41	$	0.86	$	0.82