Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v3.19.1
Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share
The computations of basic and diluted earnings per share for the three months ended March 31, 2019 and 2018 were as follows (in thousands, except per share data):
 
Three Months Ended March 31,
 
2019
 
2018
Numerator:
 
 
 
Net (loss) income
$
(4,405
)
 
$
3,299

Net income attributable to noncontrolling interests in subsidiaries

 

Allocation of earnings to unvested restricted share awards
(134
)
 
(144
)
Adjusted net (loss) income attributable to the controlling interests
$
(4,539
)
 
$
3,155

Denominator:
 
 
 
Weighted average shares outstanding – basic
79,881

 
78,483

Effect of dilutive securities:
 
 
 
Operating partnership units

 
12

Employee restricted share awards

 
52

Weighted average shares outstanding – diluted
79,881

 
78,547

 
 
 
 
Basic net (loss) income attributable to the controlling interests per common share
$
(0.06
)
 
$
0.04

Diluted net (loss) income attributable to the controlling interests per common share
$
(0.06
)
 
$
0.04

 
 
 
 
Dividends declared per common share
$
0.30

 
$
0.30