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Income (Loss) Per Share (Tables) | 3 Months Ended
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Mar. 31, 2018
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,
| 2018 |  | 2017
Net income (loss) attributable to common stockholders - basic and diluted: |  |  |
Net income (loss) attributable to the Company | $ | 4,020 |  |  | $ | (13 | )
Less: Dividends on preferred stock | (1,707 | ) |  | (1,673 | )
Less: Dividends on common stock | (5,116 | ) |  | (5,033 | )
Less: Dividends on unvested performance stock units | (72 | ) |  | (67 | )
Less: Dividends on unvested restricted shares | (87 | ) |  | (50 | )
Undistributed net income (loss) allocated to common stockholders | (2,962 | ) |  | (6,836 | )
Add back: Dividends on common stock | 5,116 |  |  | 5,033 |
Distributed and undistributed net income (loss) - basic and diluted | $ | 2,154 |  |  | $ | (1,803 | )
Weighted average common shares outstanding: |  |  |
Weighted average common shares outstanding – basic | 31,680 |  |  | 27,267 |
Incentive fee shares | 3 |  |  | — |
Weighted average common shares outstanding – diluted | 31,683 |  |  | 27,267 |
Income (loss) per share - basic: |  |  |
Net income (loss) allocated to common stockholders per share | $ | 0.07 |  |  | $ | (0.07 | )
Income (loss) per share - diluted: |  |  |
Net income (loss) allocated to common stockholders per share | $ | 0.07 |  |  | $ | (0.07 | )
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,
| 2018 |  | 2017
Net income (loss) allocated to common stockholders is not adjusted for: |  |  |
Income (loss) allocated to unvested restricted shares | $ | 87 |  |  | $ | 50 |
Income (loss) allocated to unvested performance stock units | 72 |  |  | 67 |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership | 292 |  |  | (255 | )
Dividends on preferred stock | 1,707 |  |  | 1,673 |
Total | $ | 2,158 |  |  | $ | 1,535 |
Weighted average diluted shares are not adjusted for: |  |  |
Effect of unvested restricted shares | 49 |  |  | 50 |
Effect of unvested performance stock units | 16 |  |  | — |
Effect of assumed conversion of operating partnership units | 4,124 |  |  | 4,223 |
Effect of assumed conversion of preferred stock | 6,569 |  |  | 4,550 |
Effect of incentive fee shares | — |  |  | 182 |
Total | 10,758 |  |  | 9,005 |

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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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