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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
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
)
________________
(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.