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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2019
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 available to common stockholders:
For the Year Ended December 31,  
201920182017
Numerator:
Basic net income available to common stockholders$42,725  $98,090  $67,587  
Effect of dilutive instruments331  —  —  
Diluted net income available to common stockholders$43,056  $98,090  $67,587  
Denominator:
Basic weighted average common shares outstanding154,404,427  155,445,247  153,488,730  
Effect of dilutive instruments(1)
2,197,981  251,239  394,084  
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING156,602,408  155,696,486  153,882,814  
Basic earnings per common share$0.28  $0.63  $0.44  
Diluted earnings per common share$0.28  $0.63  $0.44  
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1.The Company includes unvested awards and convertible common and participating 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 Company’s basic and diluted earnings per unit for net income available to common unitholders:
For the Year Ended December 31,  
201920182017
Numerator:
Basic and diluted net income available to common unitholders$42,954  $98,448  $67,962  
Denominator:
Basic weighted average common units outstanding155,094,997  156,014,292  154,276,773  
Effect of dilutive instruments(1)
1,017,605  251,239  394,084  
DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING156,112,602  156,265,531  154,670,857  
Basic earnings per common unit$0.28  $0.63  $0.44  
Diluted earnings per common unit$0.28  $0.63  $0.44  
_____________
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.