v3.19.3.a.u2
Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Summary of Components used in Calculation of Basic and Diluted Earnings per Share

The following table summarizes the components used in the calculation of basic and diluted earnings per share (“EPS”):

 

 

 

For the years ended December 31,

 

(in thousands, except per share)

 

2019

 

 

2018

 

 

2017

 

Basic earnings:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to Broadstone Net Lease, Inc.

 

$

79,394

 

 

$

69,375

 

 

$

54,799

 

Diluted earnings:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to Broadstone Net Lease, Inc.

 

$

79,394

 

 

$

69,375

 

 

$

54,799

 

Net earnings attributable to non-controlling interests

 

 

5,720

 

 

 

5,730

 

 

 

4,756

 

 

 

$

85,114

 

 

$

75,105

 

 

$

59,555

 

Basic and diluted weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares

   outstanding used in basic earnings per share

 

 

23,979

 

 

 

20,242

 

 

 

17,084

 

Effects of convertible OP Units

 

 

1,737

 

 

 

1,668

 

 

 

1,483

 

Weighted average number of common shares

   outstanding used in diluted earnings per share

 

 

25,716

 

 

 

21,910

 

 

 

18,567

 

Basic and diluted net earnings per common share

 

$

3.31

 

 

$

3.43

 

 

$

3.21