Income Per Share and Partnership Unit (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Reconciliation of the Numerator and Denominator Used in the Computation of Basic and Diluted Income Per Share
The table below is a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per share computed using the two-class method (dollars in thousands):
 
Three Months Ended 
 March 31,
 
2018
 
2017
Basic and diluted income:
 
 
 
Income (loss) before (loss) gain on disposition of assets
$
31,323

 
$
(3,388
)
(Loss) gain on disposition of assets
(605
)
 
16,217

Less: income attributable to unvested restricted stock
(383
)
 
(234
)
Less: dividends paid to preferred stockholders
(2,588
)
 

Net income attributable to common stockholders used in basic and diluted income per share
$
27,747

 
$
12,595

 
 
 
 
Basic weighted average shares of common stock outstanding:
 
 
 
Weighted average shares of common stock outstanding
446,483,145

 
483,752,233

Less: unvested weighted average shares of restricted stock
(1,607,717
)
 
(1,145,035
)
Weighted average shares of common stock outstanding used in basic income per share
444,875,428

 
482,607,198

Net income per share attributable to common stockholders—basic
$
0.06

 
$
0.03

 
 
 
 
Diluted weighted average shares of common stock outstanding: (1)
 
 
 
Unvested performance shares
226,797

 

Stock options

 
1,898

Convertible debt

 

Weighted average shares of common stock outstanding used in diluted income per share
445,102,225

 
482,609,096

Net income per share attributable to common stockholders—diluted
$
0.06

 
$
0.03

 
 
 
 
Potentially dilutive shares of common stock
 
 
 
Unvested shares of restricted stock
252,475

 
78,637

Total
252,475

 
78,637


(1)  Assumes the most dilutive issuance of potentially issuable shares between the two-class and treasury stock method unless the result would be anti-dilutive.