| 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
September 30, |
|
|
Nine Months Ended
September 30, |
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|
|
2020 |
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|
2019 |
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|
2020 |
|
|
2019 |
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Basic and diluted income (loss): |
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|
|
|
|
|
|
|
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|
|
|
|
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|
Income (loss) from continuing operations |
|
$ |
13,798 |
|
|
$ |
81,294 |
|
|
$ |
(2,462 |
) |
|
$ |
170,609 |
|
|
Less: dividends paid to preferred stockholders |
|
|
(2,587 |
) |
|
|
(2,587 |
) |
|
|
(7,763 |
) |
|
|
(7,763 |
) |
|
Less: dividends attributable to unvested restricted stock |
|
|
(169 |
) |
|
|
(260 |
) |
|
|
(561 |
) |
|
|
(714 |
) |
|
Net income (loss) attributable to common stockholders used in basic and diluted income (loss) per share |
|
$ |
11,042 |
|
|
$ |
78,447 |
|
|
$ |
(10,786 |
) |
|
$ |
162,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Basic weighted average shares of common stock outstanding: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares of common stock outstanding |
|
|
103,041,547 |
|
|
|
90,416,248 |
|
|
|
102,858,498 |
|
|
|
87,934,906 |
|
|
Less: unvested weighted average shares of restricted stock |
|
|
(291,427 |
) |
|
|
(375,895 |
) |
|
|
(304,700 |
) |
|
|
(405,120 |
) |
|
Basic weighted average shares of common stock outstanding |
|
|
102,750,120 |
|
|
|
90,040,353 |
|
|
|
102,553,798 |
|
|
|
87,529,786 |
|
|
Net income (loss) per share attributable to common stockholders - basic |
|
$ |
0.11 |
|
|
$ |
0.87 |
|
|
$ |
(0.11 |
) |
|
$ |
1.85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Diluted weighted average shares of common stock outstanding: (1) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Plus: unsettled shares under open forward equity contracts |
|
|
61,175 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Plus: unvested market-based awards |
|
|
127,565 |
|
|
|
356,444 |
|
|
|
— |
|
|
|
254,691 |
|
|
Diluted weighted average shares of common stock outstanding |
|
|
102,938,860 |
|
|
|
90,396,797 |
|
|
|
102,553,798 |
|
|
|
87,784,477 |
|
|
Net income (loss) per share attributable to common stockholders - diluted |
|
$ |
0.11 |
|
|
$ |
0.87 |
|
|
$ |
(0.11 |
) |
|
$ |
1.85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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 |
|
|
36,333 |
|
|
|
172,686 |
|
|
|
56,724 |
|
|
|
210,729 |
|
|
Unsettled shares under open forward equity contracts |
|
|
— |
|
|
|
— |
|
|
|
382,738 |
|
|
|
— |
|
|
Unvested shares of market-based awards |
|
|
— |
|
|
|
— |
|
|
|
196,213 |
|
|
|
— |
|
|
(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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