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Income (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 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 June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Net income (loss) attributable to common stockholders - basic and diluted:
 
 
 
 
 
 
 
Net income (loss) attributable to the Company
$
(885
)
 
$
2,188

 
$
(898
)
 
$
2,054

Less: Dividends on preferred stock
(1,707
)
 
(978
)
 
(3,380
)
 
(1,872
)
Less: Dividends on common stock
(5,036
)
 
(3,140
)
 
(10,069
)
 
(5,977
)
Less: Dividends on unvested performance stock units
(86
)
 
(19
)
 
(153
)
 
(54
)
Less: Dividends on unvested restricted shares
(75
)
 
(13
)
 
(125
)
 
(22
)
Undistributed net income (loss) allocated to common stockholders
(7,789
)
 
(1,962
)
 
(14,625
)
 
(5,871
)
Add back: Dividends on common stock
5,036

 
3,140

 
10,069

 
5,977

Distributed and undistributed net income (loss) - basic and diluted
$
(2,753
)
 
$
1,178

 
$
(4,556
)
 
$
106

Net income (loss) attributable to redeemable noncontrolling interests in operating partnership
—

 
184

 
—

 
—

Distributed and undistributed net income (loss) - diluted
$
(2,753
)
 
$
1,362

 
$
(4,556
)
 
$
106

 
 
 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic and diluted
31,469

 
27,916

 
29,380

 
28,121

Effect of assumed conversion of operating partnership units
—

 
4,413

 
—

 
—

Incentive fee shares
—

 
89

 
—

 
103

Weighted average common shares outstanding – diluted
31,469

 
32,418

 
29,380

 
28,224

 
 
 
 
 
 
 
 
Income (loss) per share - basic and diluted:
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(0.09
)
 
$
0.04

 
$
(0.16
)
 
$
—

Income (loss) per share - diluted:
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(0.09
)
 
$
0.04

 
$
(0.16
)
 
$
—
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 June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Net income (loss) allocated to common stockholders is not adjusted for:
 
 
 
 
 
 
 
Income (loss) allocated to unvested restricted shares
$
75

 
$
13

 
$
125

 
$
22

Income (loss) allocated to unvested performance stock units
86

 
19

 
153

 
54

Income (loss) attributable to redeemable noncontrolling interests in operating partnership
(343
)
 
—

 
(598
)
 
34

Dividends on preferred stock
1,707

 
978

 
3,380

 
1,872

Total
$
1,525

 
$
1,010

 
$
3,060

 
$
1,982

Weighted average diluted shares are not adjusted for:
 
 
 
 
 
 
 
Effect of unvested restricted shares
113

 
63

 
82

 
55

Effect of unvested performance stock units
—

 
108

 
—

 
54

Effect of assumed conversion of operating partnership units
4,290

 
—

 
4,256

 
4,589

Effect of assumed conversion of preferred stock
6,560

 
3,562

 
5,555

 
3,501

Effect of incentive fee shares
124

 
—

 
153

 
—

Total
11,087

 
3,733

 
10,046

 
8,199