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Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

NOTE 10: Earnings (Loss) Per Share

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the years ended December 31, 2017, 2016 and 2015:

 

 

For the Years Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Net Income (loss)

 

$

31,441

 

 

$

(9,555

)

 

$

30,156

 

(Income) loss allocated to non-controlling interests

 

 

(1,235

)

 

 

(246

)

 

 

(1,914

)

Net Income (loss) allocable to common shares

 

 

30,206

 

 

 

(9,801

)

 

 

28,242

 

Weighted-average shares outstanding—Basic

 

 

73,338,219

 

 

 

52,182,427

 

 

 

36,153,673

 

Dilutive securities

 

 

261,650

 

 

 

-

 

 

 

6,601

 

Weighted-average shares outstanding—Diluted

 

 

73,599,869

 

 

 

52,182,427

 

 

 

36,160,274

 

Earnings (loss) per share—Basic

 

$

0.41

 

 

$

(0.19

)

 

$

0.78

 

Earnings (loss) per share—Diluted

 

$

0.41

 

 

$

(0.19

)

 

$

0.78

 

 

Certain IROP units and unvested shares totaling 3,011,351, 3,175,720, and 3,156,184 for the years ended December 31, 2017, 2016 and 2015, respectively, were excluded from the earnings (loss) per share computation because their effect would have been anti-dilutive.