XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.22.2.2

(Loss) Earnings Per Share of Common Stock (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Earnings Per Share of Common Stock | The following tables set forth the computation of basic and diluted (loss) earnings per share of common stock for the three and nine months ended September 30, 2022 and 2021. The operating partnership units in the Operating Partnership (“OP Units”) held by holders who do not control the Operating Partnership (“Non-controlling OP Unitholders”) (which may be redeemed for shares of common stock) have been excluded from the diluted (loss) earnings per share calculations, as there would be no effect on the amounts since the Non-controlling OP Unitholders’ share of (loss) earnings would also be added back to net (loss) income. Net (loss) income figures are presented net of such non-controlling interests in the (loss) earnings per share calculation. We computed basic (loss) earnings per share for the three and nine months ended September 30, 2022 and 2021 using the weighted average number of shares outstanding during the respective periods. Diluted (loss) earnings per share for the three and nine months ended September 30, 2022 and 2021 reflects additional shares of common stock related to our convertible senior common stock (the “Senior Common Stock”), if the effect of conversion would be dilutive, that would have been outstanding if such dilutive potential shares of common stock had been issued, as well as an adjustment to net (loss) income (attributable) 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 September 30, |  | For the nine months ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Calculation of basic (loss) earnings per share of common stock: |  |  |  |  |  |  |  |
Net (loss) income (attributable) available to common stockholders |  | $ | (600) |  |  | $ | 1,439 |  |  | $ | (1,778) |  |  | $ | (4,547) |
Denominator for basic weighted average shares of common stock (1) |  | 39,504,734 |  |  | 36,768,779 |  |  | 38,723,581 |  |  | 36,296,414 |
Basic (loss) earnings per share of common stock |  | $ | (0.02) |  |  | $ | 0.04 |  |  | $ | (0.05) |  |  | $ | (0.13) |
Calculation of diluted (loss) earnings per share of common stock: |  |  |  |  |  |  |  |
Net (loss) income (attributable) available to common stockholders |  | $ | (600) |  |  | $ | 1,439 |  |  | $ | (1,778) |  |  | $ | (4,547) |
Net (loss) income (attributable) available to common stockholders plus assumed conversions (2) |  | $ | (600) |  |  | $ | 1,439 |  |  | $ | (1,778) |  |  | $ | (4,547) |
Denominator for basic weighted average shares of common stock (1) |  | 39,504,734 |  |  | 36,768,779 |  |  | 38,723,581 |  |  | 36,296,414 |
Effect of convertible Senior Common Stock (2) |  | — |  |  | — |  |  | — |  |  | — |
Denominator for diluted weighted average shares of common stock (2) |  | 39,504,734 |  |  | 36,768,779 |  |  | 38,723,581 |  |  | 36,296,414 |
Diluted (loss) earnings per share of common stock |  | $ | (0.02) |  |  | $ | 0.04 |  |  | $ | (0.05) |  |  | $ | (0.13) |
(1)The weighted average number of OP Units held by Non-controlling OP Unitholders was 273,072 and 262,412 for the three and nine months ended September 30, 2022, respectively, and 256,994 and 337,205 for the three and nine months ended September 30, 2021, respectively. (2)We excluded convertible shares of Senior Common Stock of 363,246 and 532,785 from the calculation of diluted earnings per share for the three and nine months ended September 30, 2022 and 2021, respectively, because they were anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration