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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2020
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,
202020192018
Numerator:
Basic net income available to common stockholders$383 $42,725 $98,090 
Effect of dilutive instruments— 331 — 
Diluted net income available to common stockholders$383 $43,056 $98,090 
Denominator:
Basic weighted average common shares outstanding153,126,027 154,404,427 155,445,247 
Effect of dilutive instruments(1)
42,998 2,197,981 251,239 
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING153,169,025 156,602,408 155,696,486 
Basic earnings per common share$0.00 $0.28 $0.63 
Diluted earnings per common share$0.00 $0.28 $0.63 
_____________
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 operating partnership’s basic and diluted earnings per unit for net income available to common unitholders:
For the Year Ended December 31,
202020192018
Numerator:
Basic and diluted net income available to common unitholders$393 $42,954 $98,448 
Denominator:
Basic weighted average common units outstanding154,040,775 155,094,997 156,014,292 
Effect of dilutive instruments(1)
42,998 1,017,605 251,239 
DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING154,083,773 156,112,602 156,265,531 
Basic earnings per common unit$0.00 $0.28 $0.63 
Diluted earnings per common unit$0.00 $0.28 $0.63 
_____________
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.