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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2023
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 to net (loss) income available to common stockholders:
For the Year Ended December 31,
202320222021
Numerator:
Basic and diluted net (loss) income available to common stockholders$(192,181)$(56,499)$6,064 
Denominator:
Basic weighted average common shares outstanding140,953,088 143,732,433 151,618,282 
Effect of dilutive instruments(1)
— — 325,078 
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING140,953,088 143,732,433 151,943,360 
Basic earnings per common share$(1.36)$(0.39)$0.04 
Diluted earnings per common share$(1.36)$(0.39)$0.04 
_____________
1.The Company includes unvested awards and convertible common and participating units as contingently issuable shares in the computation of diluted earnings per share once the market or performance criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per share calculation.
The following table reconciles the numerator and denominator in computing the operating partnership’s basic and diluted earnings per unit to net (loss) income available to common unitholders:
For the Year Ended December 31,
202320222021
Numerator:
Basic and diluted net (loss) income available to common unitholders$(195,539)$(57,208)$6,125 
Denominator:
Basic weighted average common units outstanding143,421,154 145,580,928 153,007,287 
Effect of dilutive instruments(1)
— — 325,078 
DILUTED WEIGHTED AVERAGE COMMON UNITS OUTSTANDING143,421,154 145,580,928 153,332,365 
Basic earnings per common unit$(1.36)$(0.39)$0.04 
Diluted earnings per common unit$(1.36)$(0.39)$0.04 
_____________
1.The operating partnership includes unvested awards as contingently issuable units in the computation of diluted earnings per unit once the market or performance 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.