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Earnings per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of computation of basic and diluted earnings per common share | 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 September 30, |  | For the nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Numerator: |  |  |  |  |  |  |
Net income attributable to RLJ | $ | 16,430 |  |  | $ | 17,594 |  |  | $ | 68,470 |  |  | $ | 35,312 |
Less: Preferred dividends | (6,279) |  |  | (6,279) |  |  | (18,836) |  |  | (18,836) |
Less: Dividends paid on unvested restricted shares | (243) |  |  | (118) |  |  | (642) |  |  | (167) |
Less: Undistributed earnings attributable to unvested restricted shares | — |  |  | (46) |  |  | (133) |  |  | (73) |
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares | $ | 9,908 |  |  | $ | 11,151 |  |  | $ | 48,859 |  |  | $ | 16,236 |
Denominator: |  |  |  |  |  |  |
Weighted-average number of common shares - basic | 154,563,284 |  |  | 160,368,297 |  |  | 156,805,643 |  |  | 162,681,840 |
Unvested restricted shares | 446,087 |  |  | 311,171 |  |  | 434,183 |  |  | 319,985 |
Unvested performance units | 72,274 |  |  | 105,241 |  |  | 40,380 |  |  | 62,637 |
Weighted-average number of common shares - diluted | 155,081,645 |  |  | 160,784,709 |  |  | 157,280,206 |  |  | 163,064,462 |
Net income per share attributable to common shareholders - basic | $ | 0.06 |  |  | $ | 0.07 |  |  | $ | 0.31 |  |  | $ | 0.10 |
Net income per share attributable to common shareholders - diluted | $ | 0.06 |  |  | $ | 0.07 |  |  | $ | 0.31 |  |  | $ | 0.10 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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