Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Tables)

v3.10.0.1
Earnings per Share of Common Stock (Tables)
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Common Share of Common Stock
The computation of basic and diluted earnings per common share of common stock is as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Numerator:
2018
 
2017
 
2018
 
2017
 
(in thousands, except share and per share data)
Net income (loss) attributable to controlling stockholders and participating securities
$
16,483

 
$
7,933

 
$
32,522

 
$
27,472

Less: Dividends paid on participating securities
(433
)
 
(466
)
 
(1,342
)
 
(1,445
)
Undistributed earnings attributable to participating securities
—

 
—

 
—

 
—

Net income (loss) attributable to controlling stockholders
$
16,050

 
$
7,467

 
$
31,180

 
$
26,027

Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares — basic
52,728,587

 
51,655,868

 
52,167,308

 
49,924,224

Weighted-average number of common shares — diluted
52,728,587

 
51,655,868

 
52,167,308

 
49,924,224

Basic earnings per common share
$
0.30

 
$
0.14

 
$
0.60

 
$
0.52

Diluted earnings per common share
$
0.30

 
$
0.14

 
$
0.60

 
$
0.52

Other Information:
 
 
 
 
 
 
 
Weighted-average number of OP units
281,289

 
284,992

 
282,171

 
284,992

Unvested restricted common stock outstanding (i.e. participating securities)
 
 
 
 
1,310,796

 
1,410,934