Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v3.21.1
Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2021
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, 2021 and 2020 were as follows (in thousands, except per share data):
  Three Months Ended March 31,
  2021 2020
Numerator:
Net (loss) income $ (1,147) $ 1,719 
Allocation of distributed earnings to unvested restricted share awards (139) (151)
Adjusted net (loss) income $ (1,286) $ 1,568 
Denominator:
Weighted average shares outstanding – basic 84,413  82,086 
Effect of dilutive securities:
Employee restricted share awards —  189 
Operating partnership units —  12 
Weighted average shares outstanding – diluted 84,413  82,287 
Basic net (loss) income per common share $ (0.02) $ 0.02 
Diluted net (loss) income per common share $ (0.02) $ 0.02 
Dividends declared per common share $ 0.30  $ 0.30