Income (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	)

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