Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

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)	2019			2018			2019			2018
Net income attributable to common stockholders	$	12,621		$	5,288		$	18,412		$	7,649
Adjustments to net income attributable to common stockholders for common share equivalents	(174		)	(26		)	(334		)	(210		)
Adjusted net income attributable to common stockholders	$	12,447		$	5,262		$	18,078		$	7,439

Basic and diluted net income per share attributable to common stockholders	$	0.15		$	0.08		$	0.22		$	0.11
Weighted average shares outstanding:
Basic	83,847,120			67,292,021			82,667,421			67,289,639
Diluted	85,165,549			67,292,021			83,985,850			67,289,639

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table shows common share equivalents on a weighted average basis that were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2019 and 2018:



	Three Months Ended June 30,		Six Months Ended June 30,
	2019	2018	2019	2018
Unvested RSUs	40,964	46,767	40,964	46,767
LTIP Units ⁽¹⁾	1,277,465	—	1,277,465	—
Total anti-dilutive common share equivalents	1,318,429	46,767	1,318,429	46,767

⁽¹⁾Weighted-average number of LTIP Units outstanding. There were 2,554,930 LTIP Units issued and outstanding under the 2018 OPP as of June 30, 2019 and June 30, 2018. The 3,013,933 LTIP Units issued under the 2015 OPP were forfeited as of June 2, 2018 since no LTIP Units were earned under the 2015 OPP. See Note 12 — Equity-Based Compensation for additional information on the 2018 OPP and 2015 OPP.