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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
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 three and nine months ended September 30, 2018 and 2017 (in thousands, except per share amounts):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net loss attributable to stockholders - basic
$
(13,228
)
 
$
(8,232
)
 
$
(26,179
)
 
$
(8,319
)
Net loss attributable to convertible OP units(1)
(3,180
)
 
(144
)
 
(6,270
)
 
(144
)
Net loss attributable to stockholders and convertible noncontrolling interests - diluted
$
(16,408
)
 
$
(8,376
)
 
$
(32,449
)
 
$
(8,463
)
Denominator:
 
 
 
 
 
 
 
Weighted-average shares - basic
183,699

 
183,843

 
184,676

 
183,402

OP units(1)
44,453


2,649

 
44,453

 
2,739

Adjusted weighted-average shares - diluted
228,152

 
186,492

 
229,129

 
186,141

Earnings per common share:
 
 
 
 
 
 
 
Net loss attributable to stockholders -
   basic and diluted
$
(0.07
)
 
$
(0.04
)
 
$
(0.14
)
 
$
(0.05
)
(1) OP units include units previously issued for asset management services provided under our former advisory agreement (see Note 13), as well as units issued as part of the PELP transaction (Note 4), all of which are convertible into common stock. The Operating Partnership loss attributable to these OP units, which is included as a component of Net Income Attributable to Noncontrolling Interests on the consolidated statements of operations, has been added back in the numerator as these OP units were included in the denominator for all years presented.