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Earnings Per Share
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2019 and 2018:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income

 

$

14,856

 

 

$

3,545

 

 

$

17,422

 

 

$

7,045

 

(Income) loss allocated to noncontrolling interests

 

 

(147

)

 

 

(36

)

 

 

(173

)

 

 

(124

)

Net income allocable to common shares

 

 

14,709

 

 

 

3,509

 

 

 

17,249

 

 

 

6,921

 

Weighted-average shares outstanding—Basic

 

 

89,513,105

 

 

 

86,644,716

 

 

 

89,252,724

 

 

 

85,978,431

 

Weighted-average shares outstanding—Diluted

 

 

90,019,909

 

 

 

86,908,978

 

 

 

89,902,637

 

 

 

86,208,502

 

Earnings per share—Basic

 

$

0.16

 

 

$

0.04

 

 

$

0.19

 

 

$

0.08

 

Earnings per share—Diluted

 

$

0.16

 

 

$

0.04

 

 

$

0.19

 

 

$

0.08

 

 

Certain IROP units and unvested shares were excluded from the earnings (loss) per share computation because their effect would have been anti-dilutive, totaling 881,107 and 881,107 for the three and six months ended June 30, 2019, respectively, and 899,215 and 1,038,824 for the three and six months ended June 30, 2018, respectively.