| Income (Loss) Per Share |
Income (Loss) Per Share The following table reconciles the amounts used in calculating basic and diluted income (loss) per share (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2021 | | 2020 | | 2019 | | Net income (loss) attributable to common stockholders - basic and diluted: | | | | | | | Net income (loss) attributable to the Company | $ | (26,664) | | | $ | (105,262) | | | $ | 371 | | | Less: Dividends on preferred stock | (8,745) | | | (10,219) | | | (10,142) | | | Less: Dividends on common stock | — | | | — | | | (24,145) | | | Less: Loss on extinguishment of preferred stock - Series B | (4,595) | | | — | | | — | | | Less: Dividends on unvested performance stock units | — | | | — | | | (261) | | | Add: Claw back of dividends on cancelled performance stock units | 143 | | | 202 | | | — | | | Less: Dividends on unvested restricted shares | — | | | — | | | (405) | | |
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| Undistributed net income (loss) allocated to common stockholders | (39,861) | | | (115,279) | | | (34,582) | | | Add back: Dividends on common stock | — | | | — | | | 24,145 | | | Distributed and undistributed net income (loss) - basic and diluted | $ | (39,861) | | | $ | (115,279) | | | $ | (10,437) | | |
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| | | | | | | Weighted average common shares outstanding: | | | | | | | Weighted average common shares outstanding – basic and diluted | 52,684 | | | 33,998 | | | 32,289 | | |
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| | | | | | | Income (loss) per share - basic: | | | | | | |
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| Net income (loss) allocated to common stockholders per share | $ | (0.76) | | | $ | (3.39) | | | $ | (0.32) | | | Income (loss) per share - diluted: | | | | | | |
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| Net income (loss) allocated to common stockholders per share | $ | (0.76) | | | $ | (3.39) | | | $ | (0.32) | |
Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect the adjustments for the following items (in thousands): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2021 | | 2020 | | 2019 | | Net income (loss) allocated to common stockholders is not adjusted for: | | | | | | | Income (loss) allocated to unvested restricted shares | $ | — | | | $ | — | | | $ | 405 | | | Income (loss) allocated to unvested performance stock units | — | | | — | | | 261 | | | Income (loss) attributable to redeemable noncontrolling interests in operating partnership | $ | (3,597) | | | $ | (12,979) | | | $ | (1,207) | | | Dividends on preferred stock - Series B | 4,747 | | | 6,919 | | | 6,842 | | |
| Loss on extinguishment of preferred stock - Series B | 4,595 | | | — | | | — | | | Interest expense on Convertible Senior Notes | 3,378 | | | — | | | — | | | Dividends on preferred stock - Series E | 683 | | | — | | | — | | | Dividends on preferred stock - Series M | 15 | | | — | | | — | | | Total | $ | 9,821 | | | $ | (6,060) | | | $ | 6,301 | | | Weighted average diluted shares are not adjusted for: | | | | | | | Effect of unvested restricted shares | 99 | | | 22 | | | 51 | | | Effect of unvested performance stock units | — | | | — | | | 193 | | | Effect of assumed conversion of operating partnership units | 4,980 | | | 3,923 | | | 4,219 | | | Effect of assumed conversion of preferred stock - Series B | 4,614 | | | 6,728 | | | 6,581 | | | Effect of assumed conversion of exchanged preferred stock - Series B | 364 | | | — | | | — | | |
| Effect of assumed conversion of Convertible Senior Notes | 8,450 | | | — | | | — | | | Effect of assumed conversion of preferred stock - Series E | 1,345 | | | — | | | — | | | Effect of assumed conversion of preferred stock - Series M | 32 | | | — | | | — | | | Total | 19,884 | | | 10,673 | | | 11,044 | |
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