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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Reconciliation of Amounts Used in Calculating Basic and Diluted Net Income (Loss) Per Share

The following is a reconciliation of the amounts used in calculating basic and diluted net income per share (in thousands, except share and per share data):


			For the year ended
			December 31,
			2020						2019						2018
Numerator:
Net income			$	(76,023)					$	18,703					$	30,641
Dividends paid on unvested shares and LTIP units			(50)						(297)						(310)

Net income attributable to common shareholders			$	(76,073)					$	18,406					$	30,331
Denominator:
Weighted average number of common shares - basic			46,961,039						46,788,784						46,073,515
Effect of dilutive securities:
Unvested shares			—						234,496						170,145
Weighted average number of common shares - diluted			46,961,039						47,023,280						46,243,660
Basic income per Common Share:
Net income attributable to common shareholders per weighted average common share			$	(1.62)					$	0.39					$	0.66
Diluted income per Common Share:
Net income attributable to common shareholders per weighted average common share			$	(1.62)					$	0.39					$	0.66