XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.24.2

Earnings Per Share | 6 Months Ended
--- | ---
Jun. 30, 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 and six months ended June 30, 2024 and 2023:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
BASIC |  |  |  |  |  |  |
Net income (loss) attributable to common shareholders | $ | 3,775 |  |  | $ | (9,683) |  |  | $ | 1,844 |  |  | $ | (161) |
Weighted-average number of common shares outstanding - basic | 291,403,985 |  |  | 290,186,934 |  |  | 291,346,184 |  |  | 290,134,015 |
Net income (loss) attributable to common shareholders - per common share basic | $ | 0.01 |  |  | $ | (0.03) |  |  | $ | 0.01 |  |  | $ | — |
DILUTED |  |  |  |  |  |  |
Net income (loss) attributable to common shareholders - basic | $ | 3,775 |  |  | $ | (9,683) |  |  | $ | 1,844 |  |  | $ | (161) |
Impact of assumed conversions | — |  |  | (81) |  |  | — |  |  | (77) |
Net income (loss) attributable to common shareholders | $ | 3,775 |  |  | $ | (9,764) |  |  | $ | 1,844 |  |  | $ | (238) |
Weighted-average common shares outstanding - basic | 291,403,985 |  |  | 290,186,934 |  |  | 291,346,184 |  |  | 290,134,015 |
Effect of dilutive securities: |  |  |  |  |  |  |
Unvested share-based payment awards | 211,365 |  |  | — |  |  | 105,682 |  |  | — |
Operating partnership units | — |  |  | 828,603 |  |  | — |  |  | 830,335 |
Weighted-average common shares outstanding - diluted | 291,615,350 |  |  | 291,015,537 |  |  | 291,451,866 |  |  | 290,964,350 |
Net income (loss) attributable to common shareholders - per common share diluted | $ | 0.01 |  |  | $ | (0.03) |  |  | $ | 0.01 |  |  | $ | — |
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 June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Unvested share-based payment awards | — |  |  | 135,172 |  |  | — |  |  | 131,522 |
Preferred shares - Series C | 4,710,570 |  |  | 4,710,570 |  |  | 4,710,570 |  |  | 4,710,570 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration