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Earnings (Loss) Per Share
9 Months Ended
Sep. 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 nine months ended September 30, 2018 and 2017:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net income (loss)

 

$

4,836

 

 

$

1,156

 

 

$

11,881

 

 

$

24,922

 

(Income) loss allocated to noncontrolling interests

 

 

(49

)

 

 

(59

)

 

 

(173

)

 

 

(1,009

)

Net income (loss) allocable to common shares

 

 

4,787

 

 

 

1,097

 

 

 

11,708

 

 

 

23,913

 

Weighted-average shares outstanding—Basic

 

 

87,702,078

 

 

 

71,972,394

 

 

 

86,559,294

 

 

 

69,875,802

 

Weighted-average shares outstanding—Diluted

 

 

88,046,311

 

 

 

72,144,544

 

 

 

86,818,337

 

 

 

70,105,571

 

Earnings (loss) per share—Basic

 

$

0.05

 

 

$

0.02

 

 

$

0.14

 

 

$

0.34

 

Earnings (loss) per share—Diluted

 

$

0.05

 

 

$

0.02

 

 

$

0.13

 

 

$

0.34

 

 

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 881,107 and 962,066 for the three and nine months ended September 30, 2018, and 3,035,654 for the three and nine months ended September 30, 2017.