v3.19.1

Earnings Per Share | 3 Months Ended
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Mar. 31, 2019
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The components of the computation of basic and diluted EPS are as follows:
| Three-Month Period Ended March 31, 2019
(In thousands except share amounts) |
Net income (loss) attributable to common stockholders | $ | 15,408 |
Add: Net income (loss) attributable to Convertible Non-controlling Interests(1) | 380 |
Net income (loss) related to common stockholders and Convertible Non-controlling Interests | 15,788 |
Dividends Paid: |
Common stockholders | (16,360 | )
Convertible Non-controlling Interests | (404 | )
Total dividends paid to common stockholders and Convertible Non-controlling Interests | (16,764 | )
Undistributed (Distributed in excess of) earnings: |
Common stockholders | (952 | )
Convertible Non-controlling Interests | (24 | )
Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests | (976 | )
Weighted average shares outstanding (basic and diluted): |
Weighted average shares of common stock outstanding | 29,747,537 |
Weighted average Convertible Non-controlling Interest Units outstanding | 733,371 |
Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding | 30,480,908 |
Basic earnings per share of common stock: |
Distributed | $ | 0.55 |
Undistributed (Distributed in excess of) | (0.03 | )
| $ | 0.52 |
Diluted earnings per share of common stock: |
Distributed | $ | 0.55 |
Undistributed (Distributed in excess of) | (0.03 | )
| $ | 0.52 |
(1) | For the three-month period ended March 31, 2019, excludes net income (loss) of $0.7 million, attributable to joint venture partners, which have non-participating interests as described in Note 15.
Earnings Per Share The components of the computation of basic and diluted EPS were as follows:
|  | Three-Month Period Ended March 31, 2018
(In thousands except share amounts) |  |
Net increase in shareholders' equity resulting from operations |  | $ | 21,039 |
Add: Net increase in equity resulting from operations attributable to the participating non-controlling interest(1) |  | 142 |
Net increase in equity resulting from operations related to common shares, LTIP Unit holders, and participating non-controlling interest |  | 21,181 |
Net increase in shareholders' equity resulting from operations available to common share and LTIP Unit holders: |  |
Net increase in shareholders' equity resulting from operations– common shares |  | 20,709 |
Net increase in shareholders' equity resulting from operations– LTIP Units |  | 330 |
Dividends Paid(2): |  |
Common shareholders |  | (12,562 | )
LTIP Unit holders |  | (201 | )
Non-controlling interest |  | (87 | )
Total dividends paid to common shareholders, LTIP Unit holders, and non-controlling interest |  | (12,850 | )
Undistributed (Distributed in excess of) earnings: |  |
Common shareholders |  | 8,147 |
LTIP Unit holders |  | 129 |
Non-controlling interest |  | 55 |
Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP Unit holders, and non-controlling interest |  | $ | 8,331 |
Weighted average shares outstanding (basic and diluted): |  |
Weighted average common shares outstanding |  | 30,830,615 |
Weighted average participating LTIP Units |  | 491,638 |
Weighted average non-controlling interest units |  | 212,000 |
Basic earnings per common share: |  |
Distributed |  | $ | 0.41 |
Undistributed (Distributed in excess of) |  | 0.26 |
|  | $ | 0.67 |
Diluted earnings per common share: |  |
Distributed |  | $ | 0.41 |
Undistributed (Distributed in excess of) |  | 0.26 |
|  | $ | 0.67 |
(1) | For the three-months ended March 31, 2018 excludes net increase (decrease) in equity resulting from operations of $0.1 million attributable to joint venture partners, which have non-participating interests as described in Note 11.
(2) | The Company pays quarterly dividends in arrears, so a portion of the dividends paid in each calendar year relate to the prior year's earnings.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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