Earnings Per Share ("EPS") (Tables)

9 Months Ended

Sep. 30, 2020

Reconciliation of numerator and denominator used in computation of earnings per share

The following table reconciles the numerator and denominator used in the computation of EPS for the three and nine months ended September 30, 2020 and 2019 (shares in thousands):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator
Net (loss) income	$	(22,622)	$	50,025	$	(40,618)	$	72,815
Less net (loss) income attributable to noncontrolling interests	(431)		3,654		(833)		2,886
Net (loss) income attributable to the Company	(22,191)		46,371		(39,785)		69,929
Allocation of earnings to participating securities	(215)		(297)		(834)		(869)
Numerator for basic and diluted EPS—net (loss) income attributable to common stockholders	$	(22,406)	$	46,074	$	(40,619)	$	69,060
Denominator



Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)	149,626		141,368		145,071		141,325
EPS—net (loss) income attributable to common stockholders
Basic and diluted	$	(0.15)	$	0.33	$	(0.28)	$	0.49

(1) Diluted EPS excludes 103,235 and 90,619 convertible preferred partnership units for the three months ended September 30, 2020 and 2019, respectively, and 96,144 and 90,619 for the nine months ended September 30, 2020 and 2019, respectively, as their impact was antidilutive. Diluted EPS also excludes 10,883,761 and 10,415,238 Operating Partnership units ("OP Units") for the three months ended September 30, 2020 and 2019, respectively, and 10,622,971 and 10,415,234 OP Units for the nine months ended September 30, 2020 and 2019, respectively, as their impact was antidilutive.