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Earnings per Share / Unit (Tables) | 12 Months Ended
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Dec. 31, 2019
Earnings Per Share [Abstract] |
Computation of Net Loss per Share on Basic and Diluted Basis | American Homes 4 Rent The following table reflects the Company’s computation of net income or loss per common share on a basic and diluted basis for the years ended December 31, 2019, 2018 and 2017 (in thousands, except share and per share data):
| For the Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Numerator: |  |  |  |  |
Net income | $ | 156,260 |  |  | $ | 112,438 |  |  | $ | 76,492 |
Less: |  |  |  |  |
Noncontrolling interest | 15,221 |  |  | 4,165 |  |  | (4,507 | )
Dividends on preferred shares | 55,128 |  |  | 52,586 |  |  | 60,718 |
Redemption of participating preferred shares | — |  |  | 32,215 |  |  | 42,416 |
Allocation to participating securities (1) | 166 |  |  | 85 |  |  | — |
Numerator for income (loss) per common share–basic and diluted | $ | 85,745 |  |  | $ | 23,387 |  |  | $ | (22,135 | )
Denominator: |  |  |  |  |
Weighted-average common shares outstanding–basic | 299,415,397 |  |  | 293,640,500 |  |  | 264,254,718 |
Effect of dilutive securities: |  |  |  |  |
Share-based compensation plan (2) | 503,569 |  |  | 627,830 |  |  | — |
Weighted-average common shares outstanding–diluted (3) | 299,918,966 |  |  | 294,268,330 |  |  | 264,254,718 |
Net income (loss) per common share: |  |  |  |  |
Basic | $ | 0.29 |  |  | $ | 0.08 |  |  | $ | (0.08 | )
Diluted | $ | 0.29 |  |  | $ | 0.08 |  |  | $ | (0.08 | )
(1) | Unvested restricted stock units that have nonforfeitable rights to participate in dividends declared on common stock are accounted for as participating securities and reflected in the calculation of basic and diluted earnings per share using the two-class method.
(2) | Reflects the effect of potentially dilutive securities issuable upon the assumed exercise of stock options.
(3) | The computation of diluted earnings per share for the years ended December 31, 2019, 2018 and 2017 excludes an aggregate of 182,481, zero and 17,084,135 potentially dilutive securities, respectively, which include a combination of participating preferred shares, exchangeable senior notes and common shares issuable for unvested restricted stock units, because their effect would have been antidilutive to the respective periods. The effect of the potential conversion of OP units is not reflected in the computation of basic and diluted earnings per share, as they are exchangeable for Class A common shares on a one-for-one basis. The income allocable to the OP units is allocated on this same basis and reflected as noncontrolling interest in the accompanying consolidated financial statements. As such, the assumed conversion of the OP units would have no net impact on the determination of diluted earnings per share.
American Homes 4 Rent, L.P. The following table reflects the Operating Partnership’s computation of net income or loss per common unit on a basic and diluted basis for the years ended December 31, 2019, 2018 and 2017 (in thousands, except unit and per unit data):
| For the Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Numerator: |  |  |  |  |  |  |  |
Net income | $ | 156,260 |  |  | $ | 112,438 |  |  | $ | 76,492 |
Less: |  |  |  |  |
Noncontrolling interest | — |  |  | (259 | ) |  | 141 |
Preferred distributions | 55,128 |  |  | 52,586 |  |  | 60,718 |
Redemption of participating preferred units | — |  |  | 32,215 |  |  | 42,416 |
Allocation to participating securities (1) | 166 |  |  | 85 |  |  | — |
Numerator for income (loss) per common unit–basic and diluted | $ | 100,966 |  |  | $ | 27,811 |  |  | $ | (26,783 | )
Denominator: |  |  |  |  |
Weighted-average common units outstanding–basic | 352,460,401 |  |  | 348,990,561 |  |  | 319,753,206 |
Effect of dilutive securities: |  |  |  |  |
Share-based compensation plan (2) | 503,569 |  |  | 627,830 |  |  | — |
Weighted-average common units outstanding–diluted (3) | 352,963,970 |  |  | 349,618,391 |  |  | 319,753,206 |
Net income (loss) per common unit: |  |  |  |  |
Basic | $ | 0.29 |  |  | $ | 0.08 |  |  | $ | (0.08 | )
Diluted | $ | 0.29 |  |  | $ | 0.08 |  |  | $ | (0.08 | )
(1) | Unvested restricted stock units that have nonforfeitable rights to participate in dividends declared on common stock are accounted for as participating securities and reflected in the calculation of basic and diluted earnings per share using the two-class method.
(2) | Reflects the effect of potentially dilutive securities issuable upon the assumed exercise of stock options.
(3) The computation of diluted earnings per unit for the years ended December 31, 2019, 2018 and 2017 excludes an aggregate of 182,481, zero and 17,084,135 potentially dilutive securities, respectively, which include a combination of participating preferred units, exchangeable senior notes and common units issuable for unvested restricted stock units, because their effect would have been antidilutive to the respective periods.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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