Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v3.20.1
Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of the Computation of Basic and Diluted Earnings per Share
The computations of basic and diluted earnings per share for the three months ended March 31, 2020 and 2019 were as follows (in thousands, except per share data):
 
Three Months Ended March 31,
 
2020
 
2019
Numerator:
 
 
 
Income (loss) from continuing operations
$
1,719

 
$
(10,443
)
Allocation of earnings to unvested restricted share awards to continuing operations
(151
)
 
(134
)
Adjusted income (loss) from continuing operations attributable to the controlling interests
1,568

 
(10,577
)
Adjusted income from discontinued operations

 
6,038

Adjusted net income (loss) attributable to the controlling interests
$
1,568

 
$
(4,539
)
Denominator:
 
 
 
Weighted average shares outstanding – basic
82,086

 
79,881

Effect of dilutive securities:
 
 
 
Employee restricted share awards
189

 

Operating partnership units
12

 

Weighted average shares outstanding – diluted
82,287

 
79,881

Earnings per common share, basic:
 
 
 
Continuing operations
$
0.02

 
$
(0.13
)
Discontinued operations

 
0.08

Basic net income (loss) attributable to the controlling interests per common share (1)
$
0.02

 
$
(0.06
)
Earnings per common share, diluted:

 

Continuing operations
$
0.02

 
$
(0.13
)
Discontinued operations

 
0.08

Diluted net income (loss) attributable to the controlling interests per common share (1)
$
0.02

 
$
(0.06
)
 
 
 
 
Dividends declared per common share
$
0.30

 
$
0.30


______________________________
(1)
Earnings per share may not sum due to rounding.