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Earnings per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2024
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 June 30, |  | For the six months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net income attributable to RLJ | $ | 37,106 |  |  | $ | 41,395 |  |  | $ | 42,043 |  |  | $ | 52,040 |
Less: Preferred dividends | (6,279) |  |  | (6,279) |  |  | (12,557) |  |  | (12,557) |
Less: Dividends paid on unvested restricted shares | (164) |  |  | (197) |  |  | (414) |  |  | (399) |
Less: Undistributed earnings attributable to unvested restricted shares | (162) |  |  | (351) |  |  | — |  |  | (219) |
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares | $ | 30,501 |  |  | $ | 34,568 |  |  | $ | 29,072 |  |  | $ | 38,865 |
Denominator: |  |  |  |  |  |  |
Weighted-average number of common shares - basic | 153,641,065 |  |  | 156,424,444 |  |  | 153,305,640 |  |  | 157,945,406 |
Unvested restricted shares | 385,801 |  |  | 316,743 |  |  | 774,210 |  |  | 435,974 |
Unvested performance units | 79,005 |  |  | — |  |  | 71,285 |  |  | — |
Weighted-average number of common shares - diluted | 154,105,871 |  |  | 156,741,187 |  |  | 154,151,135 |  |  | 158,381,380 |
Net income per share attributable to common shareholders - basic | $ | 0.20 |  |  | $ | 0.22 |  |  | $ | 0.19 |  |  | $ | 0.25 |
Net income per share attributable to common shareholders - diluted | $ | 0.20 |  |  | $ | 0.22 |  |  | $ | 0.19 |  |  | $ | 0.25 |

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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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