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Earnings Per Share | 6 Months Ended
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Jun. 30, 2016
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The Company calculates basic earnings per share by dividing the net income available to common stockholders for the period by the weighted average number of common shares outstanding during the period. The Company calculates diluted earnings per share by dividing the net income available to common stockholders for the period by the weighted average number of common shares and dilutive instruments outstanding during the period using the treasury stock method or the if-converted method. Unvested time-based RSUs and unvested OPP awards that contain nonforfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The following table reconciles the numerator and denominator in computing the Company’s basic and diluted per share computations for net income available to common stockholders:
| Three months ended June 30, |  | Six months ended June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | 4,035 |  |  | $ | (36,083 | ) |  | $ | 10,011 |  |  | $ | (11,509 | )
Preferred dividends | (159 | ) |  | (3,195 | ) |  | (318 | ) |  | (6,390 | )
Income attributable to participating securities | (196 | ) |  | (80 | ) |  | (393 | ) |  | (150 | )
Income attributable to non-controlling interest in consolidated entities | (2,396 | ) |  | (1,893 | ) |  | (4,341 | ) |  | (3,395 | )
(Income) loss attributable to non-controlling units of the operating partnership | (445 | ) |  | 16,008 |  |  | (1,867 | ) |  | 15,412 |
Numerator for basic and diluted net income (loss) available to common stockholders | $ | 839 |  |  | $ | (25,243 | ) |  | $ | 3,092 |  |  | $ | (6,032 | )
Denominator: |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 95,145,496 |  |  | 88,894,258 |  |  | 92,168,432 |  |  | 82,906,087 |
Effect of dilutive instruments(1) | 850,000 |  |  | — |  |  | 832,000 |  |  | — |
Diluted weighted average common shares outstanding | 95,995,496 |  |  | 88,894,258 |  |  | 93,000,432 |  |  | 82,906,087 |
Basic earnings per common share: | $ | 0.01 |  |  | $ | (0.28 | ) |  | $ | 0.03 |  |  | $ | (0.07 | )
Diluted earnings per common share: | $ | 0.01 |  |  | $ | (0.28 | ) |  | $ | 0.03 |  |  | $ | (0.07 | )
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(1) | The Company includes unvested awards as contingently issuable shares in the computation of diluted EPS once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted EPS calculation. Shares related to the Company’s 2015 OPP were excluded from the calculation of dilutive net income per common share for the three and six months ended June 30, 2016 because they are not currently expected to be earned.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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