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Earnings Per Share
 6 Months Ended
Jun. 30, 2021
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, 2021 and 2020:

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income

 

$

3,407

 

 

$

799

 

 

$

4,500

 

 

$

425

 

Income allocated to noncontrolling interest

 

 

(21

)

 

 

(10

)

 

 

(28

)

 

 

(8

)

Net income allocable to common shares

 

 

3,386

 

 

 

789

 

 

 

4,472

 

 

 

417

 

Weighted-average shares outstanding—Basic

 

 

102,023,204

 

 

 

94,435,722

 

 

 

101,847,876

 

 

 

92,646,891

 

Weighted-average shares outstanding—Diluted

 

 

102,923,924

 

 

 

95,092,860

 

 

 

102,822,099

 

 

 

93,550,425

 

Earnings per share—Basic

 

$

0.03

 

 

$

0.01

 

 

$

0.04

 

 

$

0.00

 

Earnings per share—Diluted

 

$

0.03

 

 

$

0.01

 

 

$

0.04

 

 

$

0.00

 

 

Certain IROP units, restricted stock awards, RSUs, PSUs, and forward sale agreements were excluded from the earnings (loss) per share computation because their effect would have been anti-dilutive, totaling 552,360 and 552,360 for the three and six months ended June 30, 2021, respectively, and 7,785,677 and 7,733,134 for the three and six months ended June 30, 2020, respectively.