Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share (Tables)

v3.21.2
Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2021 and 2020 were as follows (in thousands, except per share data):
  Three Months Ended June 30, Six Months Ended June 30,
  2021 2020 2021 2020
Numerator:
Loss from continuing operations $ (16,737) $ (11,995) $ (24,014) $ (17,671)
Allocation of distributed earnings to unvested restricted share awards (137) (151) (276) (302)
Adjusted net loss from continuing operations (16,874) (12,146) (24,290) (17,973)
Income from discontinued operations 9,745  6,589  15,875  13,984 
Adjusted net loss $ (7,129) $ (5,557) $ (8,415) $ (3,989)
Denominator:
Weighted average shares outstanding – basic 84,461  82,153  84,437  82,120 
Effect of dilutive securities:
Employee restricted share awards —  —  —  — 
Operating partnership units —  —  —  — 
Weighted average shares outstanding – diluted 84,461  82,153  84,437  82,120 
Earnings per common share, basic:
Continuing operations $ (0.20) $ (0.15) $ (0.29) $ (0.22)
Discontinued operations 0.12  0.08  0.19  0.17 
Basic net loss per common share $ (0.08) $ (0.07) $ (0.10) $ (0.05)
Earnings per common share, diluted:
Continuing operations $ (0.20) $ (0.15) $ (0.29) $ (0.22)
Discontinued operations 0.12  0.08  0.19  0.17 
Diluted net loss per common share $ (0.08) $ (0.07) $ (0.10) $ (0.05)
Dividends declared per common share $ 0.30  $ 0.30  $ 0.60  $ 0.60