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Income (Loss) Per Share (Tables) | 12 Months Ended
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Dec. 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):
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Net income (loss) attributable to common stockholders—Basic and diluted: |  |  |  |  |
Net income (loss) attributable to the Company | $ | 23,022 |  |  | $ | 19,316 |  |  | $ | (6,712 | )
Less: Dividends on preferred stocks | (6,795 | ) |  | (3,860 | ) |  | (1,986 | )
Less: Dividends on common stock | (20,179 | ) |  | (12,170 | ) |  | (9,282 | )
Less: Dividends on unvested performance stock units | (138 | ) |  | (122 | ) |  | (105 | )
Less: Dividends on unvested restricted shares | (267 | ) |  | (77 | ) |  | (41 | )
Less: Net (income) loss allocated to unvested performance stock units | — |  |  | (27 | ) |  | — |
Less: Net (income) loss allocated to unvested restricted shares | — |  |  | (38 | ) |  | — |
Undistributed net income (loss) allocated to common stockholders | (4,357 | ) |  | 3,022 |  |  | (18,126 | )
Add back: Dividends on common stock | 20,179 |  |  | 12,170 |  |  | 9,282 |
Distributed and undistributed net income (loss)—basic | $ | 15,822 |  |  | $ | 15,192 |  |  | $ | (8,844 | )
Net income (loss) attributable to redeemable noncontrolling interests in operating partnership | 2,038 |  |  | 1,899 |  |  | — |
Distributed and undistributed net income (loss)—diluted | $ | 17,860 |  |  | $ | 17,091 |  |  | $ | (8,844 | )
Weighted average common shares outstanding: |  |  |  |  |
Weighted average common shares outstanding—basic | 30,473 |  |  | 26,648 |  |  | 25,888 |
Effect of assumed conversion of operating partnership units | 4,233 |  |  | 4,470 |  |  | — |
Incentive fee shares | — |  |  | 77 |  |  | — |
Weighted average common shares outstanding—diluted | 34,706 |  |  | 31,195 |  |  | 25,888 |
Income (loss) per share—basic: |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | 0.52 |  |  | $ | 0.57 |  |  | $ | (0.34 | )
Income (loss) per share—diluted: |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | 0.51 |  |  | $ | 0.55 |  |  | $ | (0.34 | )
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):
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Net income (loss) allocated to common stockholders is not adjusted for: |  |  |  |  |
Income (loss) allocated to unvested restricted shares | $ | 267 |  |  | $ | 115 |  |  | $ | 41 |
Income (loss) allocated to unvested performance stock units | 138 |  |  | 149 |  |  | 105 |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership | — |  |  | — |  |  | (393 | )
Dividends on preferred stock | 6,795 |  |  | 3,860 |  |  | 1,986 |
Total | $ | 7,200 |  |  | $ | 4,124 |  |  | $ | 1,739 |
Weighted average diluted shares are not adjusted for: |  |  |  |  |
Effect of unvested restricted shares | 77 |  |  | 87 |  |  | 51 |
Effect of unvested performance stock units | — |  |  | 55 |  |  | 52 |
Effect of assumed conversion of operating partnership units | — |  |  | — |  |  | 6,642 |
Effect of assumed conversion of preferred stock | 6,064 |  |  | 3,662 |  |  | 1,909 |
Total | 6,141 |  |  | 3,804 |  |  | 8,654 |

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