Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock

v3.8.0.1
Earnings per Share of Common Stock
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Earnings per Share of Common Stock
Earnings per Share of Common Stock
Both the net income or loss attributable to the non-controlling OP units and the non-controlling limited partners’ outstanding OP units have been excluded from the basic earnings per share and the diluted earnings per share calculations attributable to common stockholders. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings per share pursuant to the two-class method.
The computation of basic and diluted earnings per common share of common stock is as follows:
 
 
Three Months Ended March 31,
Numerator:
2018
 
2017
 
(in millions, except share and per share data)
Net income (loss) attributable to controlling stockholders and participating securities
$
(1.2
)
 
$
7.2

Less: Dividends paid on participating securities
(0.5
)
 
(0.6
)
Undistributed earnings attributable to participating securities
—

 
—

Net income (loss) attributable to controlling stockholders
$
(1.7
)
 
$
6.6

Denominator:
 
 
 
Weighted-average number of common shares — basic
51,710,910

 
47,497,107

Weighted-average number of common shares — diluted
51,710,910

 
47,497,107

Basic earnings per common share
$
(0.03
)
 
$
0.14

Diluted earnings per common share
$
(0.03
)
 
$
0.14

Other Information:
 
 
 
Weighted-average number of OP units
283,963

 
284,992

Unvested restricted common stock outstanding (i.e. participating securities)
1,112,940

 
1,551,243