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EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted Earnings per Share

The following table presents a reconciliation of the numerator and denominator used to calculate basic and diluted earnings per share reported in the consolidated financial statements for the years ended December 31, 2020 and 2019, the transition period ended December 31, 2018, and the fiscal year ended April 30, 2018:

						(in thousands, except per share data)
						Year Ended December 31,									Period Ended						Fiscal Year Ended
						2020			2019						December 31, 2018						April 30, 2018
NUMERATOR
Income (loss) from continuing operations – controlling interests						$	4,441		$	78,669					$	(4,908)					$	(30,266)
Income (loss) from discontinued operations – controlling interests						—			—						510						147,054
Net income (loss) attributable to controlling interests						4,441			78,669						(4,398)						116,788
Dividends to preferred shareholders						(6,528)			(6,821)						(4,547)						(8,569)
Redemption of preferred shares						297			—						—						(3,657)
Numerator for basic earnings per share – net income (loss) available to common shareholders						(1,790)			71,848						(8,945)						104,562
Noncontrolling interests – Operating Partnership						(212)			6,752						(1,032)						12,702
Dividends to preferred unitholders						640			537						—						—
Numerator for diluted earnings (loss) per share						$	(1,362)		$	79,137					$	(9,977)					$	117,264
DENOMINATOR
Denominator for basic earnings per share weighted average shares						12,564			11,744						11,937						11,998
Effect of redeemable operating partnership units						1,030			1,237						1,387						1,462
Effect of Series D preferred units						—			193						—						—
Effect of diluted restricted stock awards and restricted stock units						—			8						—						—
Denominator for diluted earnings per share						13,594			13,182						13,324						13,460
Earnings (loss) per common share from continuing operations – basic						$	(0.15)		$	6.06					$	(0.79)					$	(3.54)
Earnings (loss) per common share from discontinued operations – basic						—			—						0.04						12.25
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC						$	(0.15)		$	6.06					$	(0.75)					$	8.71
Earnings (loss) per common share from continuing operations – diluted						$	(0.15)		$	6.00					$	(0.79)					$	(3.54)
Earnings (loss) per common share from discontinued operations – diluted						—			—						0.04						12.25
NET EARNINGS (LOSS) PER COMMON SHARE – DILUTED						$	(0.15)		$	6.00					$	(0.75)					$	8.71

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- References

No definition available.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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