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Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

NOTE 9: Earnings (Loss) Per Share

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the years ended December 31, 2021, 2020 and 2019:

 

 

For the Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Net Income (loss)

 

$

45,529

 

 

$

14,877

 

 

$

46,354

 

(Income) loss allocated to non-controlling interests

 

 

(940

)

 

 

(109

)

 

 

(458

)

Net Income (loss) allocable to common shares

 

 

44,589

 

 

 

14,768

 

 

 

45,896

 

Weighted-average shares outstanding—Basic

 

 

108,552,185

 

 

 

93,660,086

 

 

 

89,799,238

 

Dilutive securities

 

 

1,279,336

 

 

 

1,028,354

 

 

 

618,248

 

Weighted-average shares outstanding—Diluted

 

 

109,831,520

 

 

 

94,688,440

 

 

 

90,417,486

 

Earnings per share—Basic

 

$

0.41

 

 

$

0.16

 

 

$

0.51

 

Earnings per share—Diluted

 

$

0.41

 

 

$

0.16

 

 

$

0.51

 

 

 

Certain IROP units and shares deliverable under the forward sale agreements totaling 8,005,013, 1,574,517, and 871,491 for the years ended December 31, 2021, 2020 and 2019, respectively, were excluded from the earnings per share computation because their effect would have been anti-dilutive.