Earnings Per Share ("EPS") (Tables)

6 Months Ended

Jun. 30, 2021

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 six months ended June 30, 2021 and 2020 (shares in thousands):


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
Numerator
Net loss	$	(4,062)	$	(26,727)	$	(71,792)	$	(17,996)
Less net income (loss) attributable to noncontrolling interests	7,703		(1,611)		3,577		(402)
Net loss attributable to the Company	(11,765)		(25,116)		(75,369)		(17,594)
Allocation of earnings to participating securities	(214)		(297)		(429)		(619)
Numerator for basic and diluted EPS—net loss attributable to common stockholders	$	(11,979)	$	(25,413)	$	(75,798)	$	(18,213)
Denominator



Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)	205,757		144,102		182,299		142,769
EPS—net loss attributable to common stockholders
Basic and diluted	$	(0.06)	$	(0.18)	$	(0.42)	$	(0.13)

(1) Diluted EPS excludes 103,235 and 94,619 for the three months ended June 30, 2021 and 2020, respectively, and 103,235 and 92,619 convertible preferred partnership units for the six months ended June 30, 2021 and 2020, respectively, as their impact was antidilutive. Diluted EPS also excludes 9,818,495 and 10,504,452 Operating Partnership units ("OP Units") for the three months ended June 30, 2021 and 2020, respectively, and 10,334,235 and 10,491,138 OP Units for the six months ended June 30, 2021 and 2020, respectively, as their impact was antidilutive.