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Income (Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Summary of Amounts Used in Calculating Basic and Diluted Earnings (Loss) Per Share
The following table reconciles the amounts used in calculating basic and diluted income (loss) per share (in thousands, except per-share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Income (loss) allocated to common stockholders - basic and diluted:
Income (loss) attributable to the Company$(22,092)$(43,692)$(83,692)$(211,022)
Less: Dividends on preferred stock(3,104)(2,039)(9,311)— 
Add: Dividend reversal on preferred stock, net (1)
— — — 1,488 
Add: Gain (loss) on extinguishment of preferred stock— (1,789)— 959 
Add: Claw back of dividends on cancelled performance stock units— — — 178 
Distributed and undistributed income (loss) allocated to common stockholders - basic and diluted$(25,196)$(47,520)$(93,003)$(208,397)
Weighted average common shares outstanding:
Weighted average shares outstanding - basic and diluted34,371 28,033 34,324 17,520 
Basic income (loss) per share:
Net income (loss) allocated to common stockholders per share$(0.73)$(1.70)$(2.71)$(11.89)
Diluted income (loss) per share:
Net income (loss) allocated to common stockholders per share$(0.73)$(1.70)$(2.71)$(11.89)
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(1)The dividend reversal on preferred stock, net results from the reversal of unpaid dividends which were relinquished upon each 3(a)(9) preferred exchange. These reversals exceeded the amount of dividend expense recorded for the unpaid dividends for the remaining outstanding preferred stock.
Summary of Computation of Diluted Income Per Share
Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect adjustments for the following items (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Income (loss) allocated to common stockholders is not adjusted for:
Income (loss) attributable to redeemable noncontrolling interests in operating partnership$(231)$(367)
(1)
$(679)$(3,594)
(1)
Total$(231)$(367)$(679)$(3,594)
Weighted average diluted shares are not adjusted for:
Effect of unvested restricted stock— — — 26 
Effect of unvested performance stock units— — — 12 
Effect of assumed conversion of operating partnership units317 216 278 220 
Effect of assumed issuance of shares for term loan exit fee1,745 1,745 1,745 1,648 
Total2,062 1,961 2,023 1,906 
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(1)Inclusive of preferred stock dividend of $16 and $41 for the three and nine months ended September 30, 2021 allocated to redeemable noncontrolling interests in operating partnership.