Annual report pursuant to Section 13 and 15(d)

Earnings per Share of Common Stock (Tables)

v3.10.0.1
Earnings per Share of Common Stock (Tables)
 12 Months Ended
Dec. 31, 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:
 
Year ended December 31,
Numerator:
2018
 
2017
 
2016
 
(dollars in millions, except share and per share data)
Net income (loss) attributable to controlling stockholders and participating securities
$
41.6

 
$
30.9

 
$
14.7

Less: Dividends paid on participating securities
(1.8
)
 
(1.9
)
 
(1.8
)
Undistributed earnings attributable to participating securities
—

 
—

 
—

Net income (loss) attributable to controlling stockholders
$
39.8

 
$
29.0

 
$
12.9

Denominator:
 
 
 
 
 
Weighted-average number of common shares—basic
52,780,449

 
50,361,672

 
40,290,717

Weighted-average number of common shares—diluted
52,780,449

 
50,361,672

 
40,290,717

Basic earnings per common share
$
0.75

 
$
0.57

 
$
0.32

Diluted earnings per common share
$
0.75

 
$
0.57

 
$
0.32

Other Information:
 
 
 
 
 
Weighted-average number of OP units
281,106

 
284,992

 
284,992

Unvested restricted common stock outstanding (i.e., participating securities)
1,386,756

 
1,399,593

 
1,181,672