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Earnings Per Share
 6 Months Ended
Jun. 30, 2020
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, 2020 and 2019:

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net income

 

$

799

 

 

$

14,856

 

 

$

425

 

 

$

17,422

 

Income allocated to noncontrolling interest

 

 

(10

)

 

 

(147

)

 

 

(8

)

 

 

(173

)

Net income allocable to common shares

 

 

789

 

 

 

14,709

 

 

 

417

 

 

 

17,249

 

Weighted-average shares outstanding—Basic

 

 

94,435,722

 

 

 

89,513,105

 

 

 

92,646,891

 

 

 

89,252,724

 

Weighted-average shares outstanding—Diluted

 

 

95,092,860

 

 

 

90,019,909

 

 

 

93,550,425

 

 

 

89,902,637

 

Earnings per share—Basic

 

$

0.01

 

 

$

0.16

 

 

$          0.00

 

 

$

0.19

 

Earnings per share—Diluted

 

$

0.01

 

 

$

0.16

 

 

$          0.00

 

 

$

0.19

 

 

Certain IROP units, unvested shares, and shares deliverable under the Forward Sale Agreements were excluded from the earnings (loss) per share computation because their effect would have been anti-dilutive, totaling 7,785,677 and 7,733,134 for the three and six months ended June 30, 2020, respectively, and 881,107 and 881,107 for the three and six months ended June 30, 2019, respectively.