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Earnings Per Share | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share A portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company. The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the three months ended March 31, 2024 and 2023:
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
BASIC |  |  |  |  |  |  |
Net income (loss) attributable to common shareholders | $ | (1,931) |  |  | $ | 9,522 |  |  |  |  |
Weighted-average number of common shares outstanding - basic | 291,288,383 |  |  | 290,080,508 |  |  |  |  |
Net income (loss) attributable to common shareholders - per common share basic | $ | (0.01) |  |  | $ | 0.03 |  |  |  |  |
DILUTED |  |  |  |  |  |  |
Net income (loss) attributable to common shareholders - basic | $ | (1,931) |  |  | $ | 9,522 |  |  |  |  |
Impact of assumed conversions | — |  |  | 3 |  |  |  |  |
Net income (loss) attributable to common shareholders | $ | (1,931) |  |  | $ | 9,525 |  |  |  |  |
Weighted-average common shares outstanding - basic | 291,288,383 |  |  | 290,080,508 |  |  |  |  |
Effect of dilutive securities: |  |  |  |  |  |  |
Unvested share-based payment awards | — |  |  | 127,871 |  |  |  |  |
Operating partnership units | — |  |  | 832,087 |  |  |  |  |
Weighted-average common shares outstanding - diluted | 291,288,383 |  |  | 291,040,466 |  |  |  |  |
Net income (loss) attributable to common shareholders - per common share diluted | $ | (0.01) |  |  | $ | 0.03 |  |  |  |  |
For per common share amounts, generally all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods. Calculation of dilutive earnings requires certain potentially dilutive shares to be excluded when the inclusion of such shares would be anti-dilutive. The following table summarizes the potentially dilutive shares excluded from the dilutive earnings per share calculation as the inclusion of such shares would be anti-dilutive:
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Preferred shares - Series C | 4,710,570 |  |  | 4,710,570 |  |  |  |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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