Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Details)

v3.20.2
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Numerator:        
Net income (loss) attributable to controlling stockholders and participating securities $ 21,175 $ 9,102 $ 57,491 $ 35,487
Less: Dividends and distributions on participating securities (200) (300) (700) (900)
Net income (loss) attributable to controlling stockholders — basic 21,000 8,800 56,800 34,600
Add: Interest expense associated with convertible debt 100 0 100 0
Net income (loss) attributable to controlling stockholders — dilutive $ 21,100 $ 8,800 $ 56,900 $ 34,600
Denominator:        
Weighted-average number of common shares — basic (in shares) 74,012,788 64,922,325 71,376,004 63,492,884
Weighted-average number of common shares — diluted (in shares) 76,131,252 65,630,711 72,644,626 64,147,835
Basic earnings per common share (in usd per share) $ 0.28 $ 0.14 $ 0.80 $ 0.55
Diluted earnings per common share (in usd per share) $ 0.28 $ 0.13 $ 0.78 $ 0.54
Securities being allocated a portion of earnings:        
Weighted-average number of OP units (in shares) 321,261 279,415 301,582 278,202
Participating securities:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 653,071 964,885    
Potential shares of common stock related to convertible notes (in shares) 8,485,630 5,508,677    
Restricted stock units        
Participating securities:        
Potentially dilutive securities (in shares) 235,866 435,578    
LTIP Units with market-based vesting conditions        
Participating securities:        
Potentially dilutive securities (in shares) 312,704 180,500