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The computations of basic and diluted earnings per share for the three and six months ended June 30, 2020 and 2019 were as follows (in thousands, except per share data):
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Three Months Ended June 30, |
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Six Months Ended June 30, 2019 |
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2020 |
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2019 |
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2020 |
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2019 |
| Numerator: |
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| Loss from continuing operations |
$ |
(5,406) |
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$ |
(6,191) |
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$ |
(3,687) |
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$ |
(16,634) |
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| Allocation of earnings to unvested restricted share awards to continuing operations |
(151) |
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(133) |
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(302) |
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(267) |
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| Adjusted loss from continuing operations attributable to the controlling interests |
(5,557) |
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(6,324) |
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(3,989) |
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(16,901) |
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| Adjusted income from discontinued operations |
— |
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7,178 |
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— |
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13,216 |
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| Adjusted net (loss) income attributable to the controlling interests |
$ |
(5,557) |
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$ |
854 |
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$ |
(3,989) |
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$ |
(3,685) |
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| Denominator: |
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| Weighted average shares outstanding – basic |
82,153 |
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79,934 |
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82,120 |
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79,908 |
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| Effect of dilutive securities: |
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| Employee restricted share awards |
— |
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— |
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— |
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— |
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| Operating partnership units |
— |
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— |
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— |
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— |
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| Weighted average shares outstanding – diluted |
82,153 |
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79,934 |
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82,120 |
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79,908 |
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| Earnings per common share, basic: |
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| Continuing operations |
$ |
(0.07) |
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$ |
(0.08) |
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$ |
(0.05) |
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$ |
(0.21) |
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| Discontinued operations |
— |
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0.09 |
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— |
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0.17 |
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Basic net (loss) income attributable to the controlling interests per common share (1)
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$ |
(0.07) |
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$ |
0.01 |
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$ |
(0.05) |
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$ |
(0.05) |
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| Earnings per common share, diluted: |
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| Continuing operations |
$ |
(0.07) |
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$ |
(0.08) |
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$ |
(0.05) |
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$ |
(0.21) |
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| Discontinued operations |
— |
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0.09 |
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— |
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0.17 |
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Diluted net (loss) income attributable to the controlling interests per common share (1)
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$ |
(0.07) |
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$ |
0.01 |
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$ |
(0.05) |
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$ |
(0.05) |
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| Dividends declared per common share |
$ |
0.30 |
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$ |
0.30 |
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$ |
0.60 |
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$ |
0.60 |
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(1) Earnings per share may not sum due to rounding.
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