Earnings and Dividends per Share and Unit (Tables)

9 Months Ended

Sep. 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 September 30, 2021						Nine Months Ended September 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	$	9,289		156,646	$	0.06	$	74,455		153,289	$	0.49
Diluted earnings (loss) per share:
Effect of dilutive securities		—		396		—		—		361		(0.01	)
Net income (loss) attributable to AIR common stockholders	$	9,289		157,042	$	0.06	$	74,455		153,650	$	0.48
Non-dilutive share equivalents outstanding				7,958						8,093

	Three Months Ended September 30, 2020								Nine Months Ended September 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	$	(27,746	)		119,967	$	(0.23	)	$	10,735		119,957	$	0.09
Income from discontinued operations attributable to AIR		2,700			119,967		0.02			10,110		119,957		0.08
Net income attributable to AIR common stockholders	$	(25,046	)		119,967	$	(0.21	)	$	20,845		119,957	$	0.17
Diluted earnings (loss) per share:
Effect of dilutive securities		—			—		—			—		78		—
Net income (loss) attributable to AIR common stockholders	$	(25,046	)		119,967	$	(0.21	)	$	20,845		120,035	$	0.17
Non-dilutive share equivalents outstanding					9,007							8,337

	Three Months Ended September 30, 2021						Nine Months Ended September 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	$	9,764		164,603	$	0.06	$	78,421		161,336	$	0.49
Diluted earnings (loss) per unit:
Effect of dilutive securities		—		396		—		—		361		(0.01	)
Net income (loss) attributable to the AIR Operating Partnership's common unitholders	$	9,764		164,999	$	0.06	$	78,421		161,697	$	0.48
Non-dilutive partnership unit equivalents outstanding				45						615

	Three Months Ended September 30, 2020								Nine Months Ended September 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	$	(29,087	)		126,399	$	(0.23	)	$	11,869		126,440	$	0.09
Income from discontinued operations attributable to the AIR Operating Partnership		2,700			126,399		0.02			10,110		126,440		0.08
Net income attributable to the AIR Operating Partnership's common unitholders	$	(26,387	)		126,399	$	(0.21	)	$	21,979		126,440	$	0.17
Diluted earnings (loss) per unit:
Effect of dilutive securities		—			—		—			—		107		—
Net income (loss) attributable to the AIR Operating Partnership's common unitholders	$	(26,387	)		126,399	$	(0.21	)	$	21,979		126,547	$	0.17
Non-dilutive partnership unit equivalents outstanding					2,220							1,596

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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Dividends and distributions paid	$	0.44	$	0.41	$	1.30	$	1.23