XML 51 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share (Tables)
 9 Months Ended
Sep. 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 September 30,
 
Nine months ended September 30,
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
5,217

 
$
(1,828
)
 
$
15,228

 
$
(13,337
)
Preferred dividends
(159
)
 
(3,195
)
 
(477
)
 
(9,585
)
Income attributable to participating securities
(196
)
 
(79
)
 
(589
)
 
(229
)
Income attributable to non-controlling interest in consolidated entities
(2,525
)
 
(1,273
)
 
(6,866
)
 
(4,668
)
(Income) loss attributable to non-controlling units of the operating partnership
(490
)
 
2,470

 
(2,357
)
 
17,872

Numerator for basic and diluted net income (loss) available to common stockholders
$
1,847

 
$
(3,905
)
 
$
4,939

 
$
(9,947
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
115,083,622

 
88,984,236

 
99,862,583

 
84,894,863

Effect of dilutive instruments(1)
1,179,000

 
—

 
1,117,000

 
—

Diluted weighted average common shares outstanding
116,262,622

 
88,984,236

 
100,979,583

 
84,894,863

Basic earnings per common share:
$
0.02

 
$
(0.04
)
 
$
0.05

 
$
(0.12
)
Diluted earnings per common share:
$
0.02

 
$
(0.04
)
 
$
0.05

 
$
(0.12
)
________________
(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.