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Earnings per Common Share (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | For the nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net income attributable to RLJ | $ | 20,602 |  |  | $ | 16,430 |  |  | $ | 62,645 |  |  | $ | 68,470 |
Less: Preferred dividends | (6,279) |  |  | (6,279) |  |  | (18,836) |  |  | (18,836) |
Less: Dividends paid on unvested restricted shares | (242) |  |  | (243) |  |  | (657) |  |  | (642) |
Less: Undistributed earnings attributable to unvested restricted shares | — |  |  | — |  |  | — |  |  | (133) |
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares | $ | 14,081 |  |  | $ | 9,908 |  |  | $ | 43,152 |  |  | $ | 48,859 |
Denominator: |  |  |  |  |  |  |
Weighted-average number of common shares - basic | 153,070,639 |  |  | 154,563,284 |  |  | 153,226,734 |  |  | 156,805,643 |
Unvested restricted shares | 87,512 |  |  | 446,087 |  |  | 533,940 |  |  | 434,183 |
Unvested performance units | 82,018 |  |  | 72,274 |  |  | 70,080 |  |  | 40,380 |
Weighted-average number of common shares - diluted | 153,240,169 |  |  | 155,081,645 |  |  | 153,830,754 |  |  | 157,280,206 |
Net income per share attributable to common shareholders - basic | $ | 0.09 |  |  | $ | 0.06 |  |  | $ | 0.28 |  |  | $ | 0.31 |
Net income per share attributable to common shareholders - diluted | $ | 0.09 |  |  | $ | 0.06 |  |  | $ | 0.28 |  |  | $ | 0.31 |

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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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