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Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

NOTE 9: 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, 2018 and 2017:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net income (loss)

 

$

3,545

 

 

$

19,521

 

 

$

7,045

 

 

$

23,766

 

(Income) loss allocated to noncontrolling interests

 

 

(36

)

 

 

(782

)

 

 

(124

)

 

 

(950

)

Net income (loss) allocable to common shares

 

 

3,509

 

 

 

18,739

 

 

 

6,921

 

 

 

22,816

 

Weighted-average shares outstanding—Basic

 

 

86,644,716

 

 

 

68,832,855

 

 

 

85,978,431

 

 

 

68,810,131

 

Weighted-average shares outstanding—Diluted

 

 

86,908,978

 

 

 

68,943,869

 

 

 

86,208,502

 

 

 

69,007,862

 

Earnings (loss) per share—Basic

 

$

0.04

 

 

$

0.27

 

 

$

0.08

 

 

$

0.33

 

Earnings (loss) per share—Diluted

 

$

0.04

 

 

$

0.27

 

 

$

0.08

 

 

$

0.33

 

 

Certain IROP units, stock appreciation rights, or SARs, and unvested shares were excluded from the earnings (loss) per share computation because their effect would have been anti-dilutive, totaling 899,215 and 1,038,824 for the three and six months ended June 30, 2018, and 3,037,496 and 3,035,654 for the three and six months ended June 30, 2017, respectively.