Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data):


	For the three months ended June 30,				For the six months ended June 30,
	2022		2021		2022		2021
Numerator:
Net income (loss) attributable to RLJ	$	32,966	$	(51,447)	$	17,718	$	(129,433)
Less: Preferred dividends	(6,279)		(6,279)		(12,557)		(12,557)
Less: Dividends paid on unvested restricted shares	(24)		(26)		(50)		(36)
Less: Undistributed earnings attributable to unvested restricted shares	(368)		—		(27)		—
Net income (loss) attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	26,295	$	(57,752)	$	5,084	$	(142,026)

Denominator:
Weighted-average number of common shares - basic	163,539,446		163,996,003		163,857,785		163,911,475
Unvested restricted shares	245,127		—		359,365		—

Weighted-average number of common shares - diluted	163,784,573		163,996,003		164,217,150		163,911,475

Net income (loss) per share attributable to common shareholders - basic	$	0.16	$	(0.35)	$	0.03	$	(0.87)

Net income (loss) per share attributable to common shareholders - diluted	$	0.16	$	(0.35)	$	0.03	$	(0.87)