XML 29 R14.htm IDEA: XBRL DOCUMENT
v3.20.4

Earnings (Loss) Per Share | 12 Months Ended
--- | ---
Dec. 31, 2020
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | Earnings (Loss) Per Share Basic EPS is calculated by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding. Diluted EPS is calculated by dividing net income (loss) available to common stockholders that has been adjusted for dilutive securities by the weighted-average number of common shares outstanding including dilutive securities. Unvested share-based awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and are included in the computation of EPS pursuant to the two-class method. Accordingly, distributed and undistributed earnings attributable to unvested share-based compensation (participating securities) have been excluded, as applicable, from net income (loss) available to common stockholders used in the basic and diluted EPS calculations. The following is a reconciliation of the calculation of basic and diluted EPS (in thousands, except share and per-share data):
| Years Ended December 31,
| 2020 |  | 2019 |  | 2018
Numerator: |  |  |  |  |
Net (loss) income attributable to common stockholders | $ | (397,675) |  |  | $ | 183,487 |  |  | $ | 87,784 |
Dividends declared on unvested share-based compensation | — |  |  | (132) |  |  | — |
Net (loss) income available to common stockholders | $ | (397,675) |  |  | $ | 183,355 |  |  | $ | 87,784 |
Denominator: |  |  |  |  |
Weighted-average number of common shares outstanding—basic | 201,670,721 |  |  | 202,009,750 |  |  | 205,462,911 |
Effect of dilutive securities: |  |  |  |  |
Unvested restricted common stock | — |  |  | 156,146 |  |  | 215,655 |
Shares related to unvested PSUs | — |  |  | 575,734 |  |  | 452,584 |
Weighted-average number of common shares outstanding—diluted | 201,670,721 |  |  | 202,741,630 |  |  | 206,131,150 |
(Loss) earnings per share: |  |  |  |  |
Net (loss) income per share available to common stockholders—basic | $ | (1.97) |  |  | $ | 0.91 |  |  | $ | 0.43 |
Net (loss) income per share available to common stockholders—diluted | $ | (1.97) |  |  | $ | 0.90 |  |  | $ | 0.43 |
For the year ended December 31, 2020, 44,045 of unvested PSU's were excluded from diluted weighted-average common shares outstanding, as their effect would be anti-dilutive. For the year ended December 31, 2019, there were no anti-dilutive securities that were excluded from the diluted weighted-average common shares outstanding. The common OP units held by the noncontrolling interest holders have been excluded from the denominator of the diluted EPS calculation as there would be no effect on the amounts since the common OP units' share of income or loss would also be added or subtracted to derive net income (loss) available to common stockholders.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration