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Earnings Per Share
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 8: Earnings Per Share

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the three months ended March 31, 2019 and 2018:

 

 

 

For the Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Net income

 

$

2,566

 

 

$

3,500

 

(Income) loss allocated to noncontrolling interests

 

 

(26

)

 

 

(88

)

Net income allocable to common shares

 

 

2,540

 

 

 

3,412

 

Weighted-average shares outstanding—Basic

 

 

88,989,450

 

 

 

85,303,010

 

Weighted-average shares outstanding—Diluted

 

 

89,516,224

 

 

 

85,535,089

 

Earnings per share—Basic

 

$

0.03

 

 

$

0.04

 

Earnings per share—Diluted

 

$

0.03

 

 

$

0.04

 

 

Certain IROP units and unvested shares were excluded from the earnings (loss) per share computation because their effect would have been anti-dilutive, totaling 904,567 and 992,680 for the three months ended March 31, 2019 and 2018, respectively.