Quarterly Operating Results (unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information


	Quarter Ended - 2018
	March 31		June 30		September 30		December 31
	(in thousands, except share and per share data)

Total revenue	$	72,915	$	85,374	$	88,897	$	77,044
Total operating expenses	62,630		66,237		68,522		68,707
Operating income	10,285		19,137		20,375		8,337
Net income attributable to common shareholders	2,848		13,387		14,580		(174)
Income (loss) per common share, basic (1)	0.06		0.29		0.31		0.00
Income (loss) per common share, diluted (1)	0.06		0.29		0.31		0.00

Weighted average number of common shares outstanding:
Basic	45,753,792		45,867,625		46,149,765		46,513,688
Diluted	46,022,690		46,084,688		46,384,969		46,765,797


	Quarter Ended - 2017
	March 31		June 30		September 30		December 31
	(in thousands, except share and per share data)

Total revenue	$	69,887	$	78,647	$	82,145	$	71,165
Total operating expenses	57,861		67,738		61,785		58,095
Operating income	12,026		10,909		20,360		13,070
Net income attributable to common shareholders	4,613		5,034		14,393		5,438
Income per common share, basic (1)	0.12		0.13		0.36		0.12
Income per common share, diluted (1)	0.12		0.13		0.36		0.12

Weighted average number of common shares outstanding:
Basic	38,361,113		38,525,306		39,298,974		43,205,683
Diluted	38,573,928		38,749,661		39,550,494		43,522,022

(1) The sum of per share amounts for the four quarters may differ from the annual per share amounts due to the required method of computing weighted-average number of common shares outstanding in the respective periods and share offerings that occurred during the year. Unvested restricted shares and unvested LTIP units could potentially dilute basic earnings per share in the future were not included in the computation of diluted loss per share, for the periods where a loss has been recorded, because they would have been anti-dilutive for the periods presented.