XML 54 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2017
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 earnings per share for net income (loss) available to common stockholders:
 
For the Year Ended December 31,
 
2017
 
2016
 
2015
Numerator:
 
 
 
 
 
Basic net income (loss) available to common stockholders
$
67,587

 
$
27,218

 
$
(16,397
)
Effect of dilutive instruments
—

 
451

 
—

Diluted net income (loss) available to common stockholders
$
67,587

 
$
27,669

 
$
(16,397
)
Denominator:
 
 
 
 
 
Basic weighted average common shares outstanding
153,488,730

 
106,188,902

 
85,927,216

Effect of dilutive instruments(1)
394,084

 
4,180,153

 
—

Diluted weighted average common shares outstanding
153,882,814

 
110,369,055

 
85,927,216

Basic earnings per common share
$
0.44

 
$
0.26

 
$
(0.19
)
Diluted earnings per common share
$
0.44

 
$
0.25

 
$
(0.19
)
_____________
(1)
The Company includes unvested awards and convertible common units as contingently issuable shares in the computation of diluted earnings per share 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 earnings per share calculation.

The following table reconciles the numerator and denominator in computing the operating partnership’s basic and diluted earnings per unit for net income (loss) available to common unitholders:
 
For the Year Ended December 31,
 
2017
 
2016
 
2015
Numerator:
 
 
 
 
 
Basic net income (loss) available to common unitholders
$
67,962

 
$
33,066

 
$
(38,366
)
Effective of dilutive instruments
—

 
451

 
—

Diluted net income (loss) available to common unitholders
$
67,962

 
$
33,517

 
$
(38,366
)
Denominator:
 
 
 
 
 
Basic weighted average common units outstanding
154,276,773

 
145,595,246

 
128,948,077

Effect of dilutive instruments(1)
394,084

 
1,144,000

 
—

Diluted weighted average common units outstanding
154,670,857

 
146,739,246

 
128,948,077

Basic earnings per common unit
$
0.44

 
$
0.23

 
$
(0.30
)
Diluted earnings per common unit
$
0.44

 
$
0.23

 
$
(0.30
)
_____________
(1)
The operating partnership includes unvested awards as contingently issuable units in the computation of diluted earnings per unit 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 earnings per unit calculation.