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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Reconciliation of Net Income and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS | The following table provides a reconciliation of net income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts).
| Three Months |  |  | Six Months |
| Ended June 30, |  |  | Ended June 30, |
| 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerators – Basic and Diluted |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 5,353 |  |  | $ | 60,409 |  |  | $ | 20,655 |  |  | $ | 74,364 |
Income attributable to non-controlling interests |  | — |  |  |  | (19 | ) |  |  | (18 | ) |  |  | (37 | )
Preferred dividends |  | (2,789 | ) |  |  | (2,789 | ) |  |  | (5,578 | ) |  |  | (5,578 | )
Earnings attributable to unvested shares and OP units |  | (88 | ) |  |  | (125 | ) |  |  | (195 | ) |  |  | (251 | )
Net income attributable to common shareholders after allocation to participating securities | $ | 2,476 |  |  | $ | 57,476 |  |  | $ | 14,864 |  |  | $ | 68,498 |
Denominators – Number of Shares |  |  |  |  |  |  |  |  |  |  |
Basic—Average shares outstanding |  | 209,266 |  |  |  | 213,864 |  |  |  | 209,616 |  |  |  | 212,989 |
Assumed conversion of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
PRSUs |  | 181 |  |  |  | 906 |  |  |  | 445 |  |  |  | 1,104 |
OP units |  | — |  |  |  | 141 |  |  |  | — |  |  |  | 141 |
Diluted—Average shares outstanding |  | 209,447 |  |  |  | 214,911 |  |  |  | 210,061 |  |  |  | 214,234 |
Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.01 |  |  | $ | 0.27 |  |  | $ | 0.07 |  |  | $ | 0.32 |
Diluted | $ | 0.01 |  |  | $ | 0.27 |  |  | $ | 0.07 |  |  | $ | 0.32 |

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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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