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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table provides a reconciliation of the numerator and denominator of the earnings per share calculations for the years ended December 31, 2017, 2016, and 2015 (in thousands, except per share amounts):
 
2017
 
2016
 
2015
Numerator:
 
 
 
 
 
Net (loss) income attributable to stockholders - basic
$
(38,391
)
 
$
8,932

 
$
13,360

Net (loss) income attributable to convertible OP units(1)
(3,470
)
 
111

 
201

Net (loss) income - diluted
$
(41,861
)
 
$
9,043

 
$
13,561

Denominator:
 
 
 
 
 
Weighted-average shares - basic
183,784

 
183,876

 
183,678

Conversion of OP units(1)
12,713


2,785


2,716

Effect of dilutive restricted stock awards

 
4

 

Adjusted weighted-average shares - diluted
196,497

 
186,665

 
186,394

Earnings per common share:
 
 
 
 
 
Basic and diluted
$
(0.21
)
 
$
0.05

 
$
0.07

(1) OP units include units previously issued for asset management services provided under our former advisory agreement (see Note 15), as well as units issued as part of the PELP transaction (see Note 3), all of which are convertible into common shares. The Operating Partnership loss attributable to these OP units, which is included as a component of Net Loss (Income) Attributable to Noncontrolling Interests on the consolidated statements of operations, has been added back in the numerator because these OP units were included in the denominator for all years presented.