Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
(In thousands, except share and per share data)	2019			2018			2019			2018
Net income attributable to common stockholders	$	6,860		$	177		$	25,272		$	7,826
Adjustments to net income attributable to common stockholders for common share equivalents	(176		)	(316		)	(510		)	(526		)
Adjusted net income attributable to common stockholders	$	6,684		$	(139	)	$	24,762		$	7,300

Basic and diluted net income per share attributable to common stockholders	$	0.08		$	—		$	0.30		$	0.11
Weighted average shares outstanding:
Basic	85,254,638			69,441,639			83,539,304			68,014,855
Diluted	86,202,582			69,441,639			84,487,248			68,417,253

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 nine months ended September 30, 2019 and 2018:



	Three Months Ended September 30,		Nine Months Ended September 30,
	2019	2018	2019	2018
Unvested RSUs	40,944	46,767	40,944	—
LTIP Units ⁽¹⁾	1,647,230	2,110,594	1,647,230	355,631
Total anti-dilutive common share equivalents	1,688,174	2,157,361	1,688,174	355,631

⁽¹⁾Weighted-average number of LTIP Units outstanding. There were 2,554,930 LTIP Units issued and outstanding under the 2018 OPP as of September 30, 2019 and September 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.