| Reconciliation of the Numerator and Denominator Used in the Computation of Basic and Diluted (Loss) Income Per Share |
The table below is a reconciliation of the numerator and denominator used in the computation of basic and diluted net (loss) income per share and unit computed using the two-class method (dollars in thousands):
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|
Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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|
2020 |
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|
2019 |
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2020 |
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|
2019 |
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Basic and diluted (loss) income: |
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|
|
|
|
|
|
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|
|
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|
(Loss) income from continuing operations |
|
$ |
(413 |
) |
|
$ |
45,737 |
|
|
$ |
(16,260 |
) |
|
$ |
89,315 |
|
|
Less: dividends paid to preferred stockholders |
|
|
(2,588 |
) |
|
|
(2,588 |
) |
|
|
(5,176 |
) |
|
|
(5,176 |
) |
|
Less: dividends attributable to unvested restricted stock |
|
|
(185 |
) |
|
|
(250 |
) |
|
|
(392 |
) |
|
|
(522 |
) |
|
Net (loss) income attributable to common stockholders used in basic and diluted (loss) income per share |
|
$ |
(3,186 |
) |
|
$ |
42,899 |
|
|
$ |
(21,828 |
) |
|
$ |
83,617 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Basic weighted average shares of common stock outstanding: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares of common stock outstanding |
|
|
102,980,619 |
|
|
|
87,422,369 |
|
|
|
102,765,967 |
|
|
|
86,673,672 |
|
|
Less: unvested weighted average shares of restricted stock |
|
|
(301,652 |
) |
|
|
(420,382 |
) |
|
|
(311,410 |
) |
|
|
(419,974 |
) |
|
Basic weighted average shares of common stock outstanding |
|
|
102,678,967 |
|
|
|
87,001,987 |
|
|
|
102,454,557 |
|
|
|
86,253,698 |
|
|
Net (loss) income per share attributable to common stockholders - basic |
|
$ |
(0.03 |
) |
|
$ |
0.49 |
|
|
$ |
(0.21 |
) |
|
$ |
0.97 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted weighted average shares of common stock outstanding: (1) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Plus: unsettled shares under open forward equity contracts |
|
|
— |
|
|
|
772,040 |
|
|
|
— |
|
|
|
328,617 |
|
|
Plus: unvested market-based awards |
|
|
— |
|
|
|
116,672 |
|
|
|
— |
|
|
|
196,982 |
|
|
Diluted weighted average shares of common stock outstanding |
|
|
102,678,967 |
|
|
|
87,890,699 |
|
|
|
102,454,557 |
|
|
|
86,779,297 |
|
|
Net (loss) income per share attributable to common stockholders - diluted |
|
$ |
(0.03 |
) |
|
$ |
0.49 |
|
|
$ |
(0.21 |
) |
|
$ |
0.96 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Potentially dilutive shares of common stock |
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|
|
|
|
|
|
|
|
|
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|
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|
Unvested shares of restricted stock, less shares assumed repurchased at market |
|
|
— |
|
|
|
160,606 |
|
|
|
66,920 |
|
|
|
191,215 |
|
|
Unsettled shares under open forward equity contracts |
|
|
— |
|
|
|
— |
|
|
|
607,636 |
|
|
|
— |
|
|
Unvested shares of market-based awards |
|
|
83,625 |
|
|
|
— |
|
|
|
230,537 |
|
|
|
— |
|
|
(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. |
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