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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following is a summary of the basic and diluted net income per share computation for the periods presented:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands, except share and per share data)
 
2017
 
2016
 
2017
 
2016
Net income attributable to stockholders
 
$
5,200

 
$
15,763

 
$
12,629

 
$
22,251

Adjustments to net income attributable to stockholders for common share equivalents
 
(185
)
 
(193
)
 
(370
)
 
(388
)
Adjusted net income attributable to stockholders
 
$
5,015

 
$
15,570

 
$
12,259

 
$
21,863

 
 
 
 
 
 
 
 
 
Basic and diluted net income per share attributable to stockholders
 
$
0.08

 
$
0.28

 
$
0.18

 
$
0.39

Basic and diluted weighted average shares outstanding
 
66,652,221

 
56,316,157

 
66,461,663

 
56,314,184
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
For the three and six months ended June 30, 2017 and 2016, the following common share equivalents were excluded from the calculation of diluted earnings per share:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2017
 
2016
 
2017
 
2016
Unvested restricted stock
 
35,666

 
48,886

 
35,666

 
48,886

OP Units (1)
 
—

 
603,219

 
—

 
603,219

OPP (LTIP Units)
 
3,013,933

 
3,013,933

 
3,013,933

 
3,013,933

Total anti-dilutive common share equivalents
 
3,049,599

 
3,666,038

 
3,049,599

 
3,666,038

____________________________________
(1) 
As of June 30, 2016, OP Units comprised of five original OP Units issued to the Advisor, 27,776 issued at Listing and 575,438 of Class B Units which were converted into OP Units at Listing. Subsequent to the Listing all OP Units issued to the Advisor were transferred to individual members and employees of AR Global. On September 2, 2016, 421,378 of OP Units were converted into Common Stock, of which 305,411 and 115,967 are owned by individual members and employees of AR Global and to the Service Provider, respectively. On April 3, 2017, the remaining 181,841 of OP Units were converted into Common Stock.