Earnings (Loss) per Share and Equity Transactions (Tables)

9 Months Ended

Sep. 30, 2020

The following table reconciles the amounts used in calculating basic and diluted income (loss) per share:


	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Numerator:
Net income (loss) from continuing operations	$	1,677	$	24,926	$	(11,420)	$	35,205
Earnings allocated to unvested restricted shares	—		(50)		—		—
Net income (loss) from continuing operations attributed to common shareholders	$	1,677	$	24,876	$	(11,420)	$	35,205
Net loss from discontinued operations attributed to common shareholders	$	—	$	—	$	—	$	(25,500)

Denominator:
Weighted average number of common shares outstanding - basic	718,934,723		728,722,763		720,198,772		728,645,975
Effect of unvested restricted shares (a)	633,616		733,959		—		575,251
Weighted average number of common shares outstanding - diluted	719,568,339		729,456,722		720,198,772		729,221,226

Basic and diluted income (loss) per common share:
Net income (loss) from continuing operations per common share	$	—	$	0.03	$	(0.02)	$	0.05
Net loss from discontinued operations per common share	—		—		—		(0.03)
Net income (loss) per common share	$	—	$	0.03	$	(0.02)	$	0.02

(a)For the three and nine months ended September 30, 2020, the Company has excluded the anti-dilutive effect of unvested restricted shares.