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Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2017 and 2016:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net income (loss)

 

$

1,156

 

 

$

2,407

 

 

$

24,922

 

 

$

33,151

 

(Income) loss allocated to non-controlling interests

 

 

(59

)

 

 

(140

)

 

 

(1,009

)

 

 

(1,972

)

Net income (loss) allocable to common shares

 

 

1,097

 

 

 

2,267

 

 

 

23,913

 

 

 

31,179

 

Weighted-average shares outstanding—Basic

 

 

71,972,394

 

 

 

47,215,918

 

 

 

69,875,802

 

 

 

47,164,543

 

Weighted-average shares outstanding—Diluted

 

 

72,144,544

 

 

 

47,314,629

 

 

 

70,105,571

 

 

 

47,190,139

 

Earnings (loss) per share—Basic

 

$

0.02

 

 

$

0.05

 

 

$

0.34

 

 

$

0.66

 

Earnings (loss) per share—Diluted

 

$

0.02

 

 

$

0.05

 

 

$

0.34

 

 

$

0.66