XML 43 R33.htm IDEA: XBRL DOCUMENT v3.23.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The following is a summary of the basic and diluted net (loss) income per share computation for the periods presented:
Three Months Ended March 31,
(In thousands, except share and per share data)20232022
Net (loss) income attributable to common stockholders$(5,989)$5,483 
Adjustments to net (loss) income attributable to common stockholders for common share equivalents (239)(222)
Adjusted net (loss) income attributable to common stockholders$(6,228)$5,261 
Weighted average common shares outstanding — Basic and Diluted103,782,949 103,596,182 
Net (loss) income per share attributable to common stockholders — Basic and Diluted$(0.06)$0.05 
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 months ended March 31, 2023 and 2022:
Three Months Ended March 31,
20232022
Unvested RSUs (1)
47,011 43,883 
Unvested Restricted Shares (2)
359,840 305,105 
LTIP Units (3)
2,500,000 2,500,000 
Total common share equivalents excluded from EPS calculation2,906,851 2,848,988 
(1) There were 31,712 and 35,099 unvested RSUs issued and outstanding as of March 31, 2023 and 2022, respectively. See Note 13 — Equity-Based Compensation for additional information on the RSUs.
(2) There were 359,840 and 304,957 unvested Restricted Shares issued and outstanding as of March 31, 2023 and 2022, respectively. See Note 13 — Equity-Based Compensation for additional information on the Restricted Shares.
(3) There were 2,500,000 LTIP Units issued and outstanding under the 2021 OPP as of March 31, 2023 and 2022. See Note 13 — Equity-Based Compensation for additional information on the 2021 OPP.