Earnings Per Share and Equity Transactions (Tables)

12 Months Ended

Dec. 31, 2020

The following table reconciles the amounts used in calculating basic and diluted earnings per share:


	Year ended December 31,
	2020		2019		2018
Numerator:
Net (loss) income from continuing operations	$	(10,174)	$	63,899	$	83,849
Earnings allocated to unvested restricted shares	—		(29)		(95)
Net (loss) income from continuing operations attributable to common shareholders	$	(10,174)	$	63,870	$	83,754
Net (loss) income from discontinued operations attributable to common shareholders	$	—	$	(25,500)	$	—

Denominator:
Weighted average number of common shares outstanding - basic	719,882,476		728,620,309		761,139,011
Effect of unvested restricted shares (a)	—		763,840		926,463
Weighted average number of common shares outstanding - diluted	719,882,476		729,384,149		762,065,474

Basic and diluted earnings per common share:
Net (loss) income from continuing operations per share	$	(0.01)	$	0.09	$	0.11
Net loss from discontinued operations per share	—		(0.04)		—
Net (loss) income per share	$	(0.01)	$	0.05	$	0.11

(a)For the year ended December 31, 2020, the Company has excluded the anti-dilutive effect of unvested restricted shares.