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Earnings Per Share and Equity Transactions | 12 Months Ended
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Dec. 31, 2019
Earnings Per Share [Abstract] |
Earnings Per Share and Equity Transactions | Earnings Per Share and Equity Transactions Basic earnings per share ("EPS") is computed using the two-class method by dividing net income by the weighted average number of common shares outstanding for the period (the "common shares") and participating securities. The restricted share awards issued pursuant to the InvenTrust Properties Corp. 2015 Incentive Award Plan (as amended, the "Incentive Award Plan") are deemed to be participating securities. Diluted EPS is generally computed using the treasury-stock method by dividing net income by the common shares plus potential common shares resulting from restricted share awards. The following table reconciles the amounts used in calculating basic and diluted income per share:
| Year ended December 31,
| 2019 |  | 2018 |  | 2017
Numerator: |  |  |  |  |
Net income from continuing operations | $ | 63,899 |  |  | $ | 83,849 |  |  | $ | 57,954 |
Earnings allocated to unvested restricted shares | (29 | ) |  | (95 | ) |  | (15 | )
Net income from continuing operations attributable to common shareholders | $ | 63,870 |  |  | $ | 83,754 |  |  | $ | 57,939 |
Net (loss) income from discontinued operations attributable to common shareholders | $ | (25,500 | ) |  | $ | — |  |  | $ | 3,839 |
Denominator: |  |  |  |  |
Weighted average number of common shares outstanding - basic | 728,620,309 |  |  | 761,139,011 |  |  | 773,445,341 |
Effect of unvested restricted shares | 763,840 |  |  | 926,463 |  |  | 1,155,138 |
Weighted average number of common shares outstanding - diluted | 729,384,149 |  |  | 762,065,474 |  |  | 774,600,479 |
Basic and diluted income per common share: |  |  |  |  |
Net income from continuing operations per share | $ | 0.09 |  |  | $ | 0.11 |  |  | $ | 0.07 |
Net (loss) income from discontinued operations per share | (0.04 | ) |  | — |  |  | — |
Net income per share | $ | 0.05 |  |  | $ | 0.11 |  |  | $ | 0.07 |
On November 1, 2019, the Company adopted a Second Amended and Restated Share Repurchase Program ("Share Repurchase Program"), authorizing redemption of the Company's shares of common stock, subject to certain conditions and limitations, to provide limited liquidity to stockholders. The Company's obligation to repurchase any shares under the Share Repurchase Program was conditioned upon having sufficient funds available to complete the repurchase. The repurchase price per share for all stockholders is equal to a 25% discount to the most recent estimated NAV per share of the Company's common stock established by the Company's board of directors, which was $3.14 per share as of May 1, 2019. During the year ended December 31, 2019, 8,517,605 shares were repurchased in connection with the Share Repurchase Program. The price per share for all shares repurchased was $2.355. On November 1, 2019, the Company began offering shares of the Company's common stock to existing stockholders pursuant to the Company's amended and restated distribution reinvestment plan ("DRP"). Under the DRP, stockholders may elect to reinvest an amount equal to the distributions declared on their shares of common stock into additional shares of the Company's common stock in lieu of receiving cash distributions. In accordance with the DRP, participants may acquire shares of common stock at a 25% discount to the most recent estimated NAV per share of the Company's common stock established by the Company's board of directors, which was $3.14 per share as of May 1, 2019. During the year ended December 31, 2019, the Company did not issue shares pursuant to the DRP. On August 15, 2018, the Company announced and commenced a modified "Dutch Auction" tender offer (the "Offer") to purchase for cash up to $75,000 in value of shares of the Company's common stock, par value $0.001 per share (the "Shares"), subject to its ability to increase the number of Shares accepted for payment by up to 2% of the Company's outstanding Shares. The Company exercised that option and increased the Offer by 10,706,774 shares, or $22,500, to avoid any proration for the stockholders tendering shares. The Offer expired on September 13, 2018. As a result of the Offer, the Company accepted for purchase 46,559,289 shares of its common stock (which represented approximately 6.0% of the shares of common stock outstanding at the time) at a purchase price of $2.10 per share, for a cost of approximately $97,775, excluding fees and expenses. Aggregate costs of $98,491 were recorded as reductions to common stock and additional paid-in capital on the consolidated statements of equity for the year ended December 31, 2018.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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