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Income (Loss) Per Share (Tables) | 3 Months Ended
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Mar. 31, 2017
Earnings Per Share [Abstract] |
Summary of amounts used in calculating basic and diluted earnings (loss) per share | The following table reconciles the amounts used in calculating basic and diluted income (loss) per share (in thousands, except per share amounts):
|  | Three Months Ended March 31,
|  | 2017 |  | 2016
Net income (loss) attributable to common stockholders - Basic and diluted: |  |  |  |
Net income (loss) attributable to the Company |  | $ | (13 | ) |  | $ | (134 | )
Less: Dividends on preferred stock |  | (1,673 | ) |  | (894 | )
Less: Dividends on common stock |  | (5,033 | ) |  | (2,837 | )
Less: Dividends on unvested performance stock units |  | (67 | ) |  | (35 | )
Less: Dividends on unvested restricted shares |  | (50 | ) |  | (9 | )
Undistributed net income (loss) allocated to common stockholders |  | (6,836 | ) |  | (3,909 | )
Add back: Dividends on common stock |  | 5,033 |  |  | 2,837 |
Distributed and undistributed net income (loss) - basic and diluted |  | $ | (1,803 | ) |  | $ | (1,072 | )
Weighted average common shares outstanding: |  |  |  |
Weighted average common shares outstanding – basic and diluted |  | 27,267 |  |  | 28,343 |
Income (loss) per share - basic and diluted: |  |  |  |
Net income (loss) allocated to common stockholders per share |  | $ | (0.07 | ) |  | $ | (0.04 | )
Summary of computation of diluted income per share | Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect the adjustments for the following items (in thousands):
|  | Three Months Ended March 31,
|  | 2017 |  | 2016
Net income (loss) allocated to common stockholders is not adjusted for: |  |  |  |
Income (loss) allocated to unvested restricted shares |  | $ | 50 |  |  | $ | 9 |
Income (loss) allocated to unvested performance stock units |  | 67 |  |  | 35 |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership |  | (255 | ) |  | (150 | )
Dividends on preferred stock |  | 1,673 |  |  | 894 |
Total |  | $ | 1,535 |  |  | $ | 788 |
Weighted average diluted shares are not adjusted for: |  |  |  |
Effect of unvested restricted shares |  | 50 |  |  | 46 |
Effect of assumed conversion of operating partnership units |  | 4,223 |  |  | 4,764 |
Effect of assumed conversion of preferred stock |  | 4,550 |  |  | 3,439 |
Effect of incentive fee shares |  | 182 |  |  | 116 |
Total |  | 9,005 |  |  | 8,365 |

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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/2003/role/presentationRef -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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