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Earnings Per Share
 9 Months Ended
Sep. 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 nine months ended September 30, 2021 and 2020:

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income

 

$

11,564

 

 

$

1,092

 

 

$

16,064

 

 

$

1,517

 

Income allocated to noncontrolling interest

 

 

(62

)

 

 

(2

)

 

 

(90

)

 

 

(10

)

Net income allocable to common shares

 

 

11,502

 

 

 

1,090

 

 

 

15,974

 

 

 

1,507

 

Weighted-average shares outstanding—Basic

 

 

104,918,674

 

 

 

94,456,987

 

 

 

102,882,723

 

 

 

93,261,757

 

Weighted-average shares outstanding—Diluted

 

 

107,668,675

 

 

 

95,222,623

 

 

 

104,062,661

 

 

 

94,099,091

 

Earnings per share—Basic

 

$

0.11

 

 

$

0.01

 

 

$

0.16

 

 

$

0.02

 

Earnings per share—Diluted

 

$

0.11

 

 

$

0.01

 

 

$

0.15

 

 

$

0.02

 

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 nine months ended September 30, 2021, respectively, and 7,653,516 and 7,645,986 for the three and nine months ended September 30, 2020, respectively.