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Earnings Per Share of Common Stock (Tables) | 3 Months Ended
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Mar. 31, 2019
Earnings Per Share [Abstract] |
Basic and Diluted Earnings Per Share of Common Stock | The following tables set forth the computation of basic and diluted earnings per share of common stock for the three months ended March 31, 2019 and 2018. The OP Units held by Non-controlling OP Unitholders (which may be redeemed for shares of common stock) have been excluded from the diluted earnings per share calculations, as there would be no effect on the amounts since the Non-controlling OP Unitholders’ share of income would also be added back to net income. Net income figures are presented net of such non-controlling interests in the earnings per share calculation. We computed basic earnings per share for the three months ended March 31, 2019 and 2018 using the weighted average number of shares outstanding during the respective periods. Diluted earnings per share for the three months ended March 31, 2019 and 2018 reflects additional shares of common stock related to our convertible senior common stock (the “Senior Common Stock”), if the effect would be dilutive, that would have been outstanding if dilutive potential shares of common stock had been issued, as well as an adjustment to net income available to common stockholders as applicable to common stockholders that would result from their assumed issuance (dollars in thousands, except per share amounts).
|  | For the three months ended March 31,
|  | 2019 |  | 2018
Calculation of basic earnings per share of common stock: |  |  |  |
Net income available to common stockholders |  | $ | 1,792 |  |  | $ | 1,791 |
Denominator for basic weighted average shares of common stock (1) |  | 29,516,870 |  |  | 28,420,995 |
Basic earnings per share of common stock |  | $ | 0.06 |  |  | $ | 0.06 |
Calculation of diluted earnings per share of common stock: |  |  |  |
Net income available to common stockholders |  | $ | 1,792 |  |  | $ | 1,791 |
Add: income impact of assumed conversion of senior common stock (2) |  | — |  |  | — |
Net income available to common stockholders plus assumed conversions (2) |  | $ | 1,792 |  |  | $ | 1,791 |
Denominator for basic weighted average shares of common stock (1) |  | 29,516,870 |  |  | 28,420,995 |
Effect of convertible Senior Common Stock (2) |  | — |  |  | — |
Denominator for diluted weighted average shares of common stock (2) |  | 29,516,870 |  |  | 28,420,995 |
Diluted earnings per share of common stock |  | $ | 0.06 |  |  | $ | 0.06 |
(1) | The weighted average number of OP Units held by Non-controlling OP Unitholders was 742,937 for the three months ended March 31, 2019. The Company was the sole holder of OP Units for all periods prior to October 30, 2018.
(2) | We excluded convertible shares of Senior Common Stock of 721,872 and 745,000 from the calculation of diluted earnings per share for the three months ended March 31, 2019 and 2018, respectively, because they were anti-dilutive.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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