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Earnings (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings (Loss) Per Share

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2017 and 2016:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended

June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income (loss)

 

$

19,521

 

 

$

30,790

 

 

$

23,766

 

 

$

30,744

 

(Income) loss allocated to non-controlling interests

 

 

(782

)

 

 

(1,803

)

 

 

(950

)

 

 

(1,832

)

Net income (loss) allocable to common shares

 

 

18,739

 

 

 

28,987

 

 

 

22,816

 

 

 

28,912

 

Weighted-average shares outstanding—Basic

 

 

68,832,855

 

 

 

47,183,804

 

 

 

68,810,131

 

 

 

47,138,573

 

Weighted-average shares outstanding—Diluted

 

 

68,943,869

 

 

 

47,229,736

 

 

 

69,007,862

 

 

 

47,159,220

 

Earnings (loss) per share—Basic

 

$

0.27

 

 

$

0.61

 

 

$

0.33

 

 

$

0.61

 

Earnings (loss) per share—Diluted

 

$

0.27

 

 

$

0.61

 

 

$

0.33

 

 

$

0.61