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Income (Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 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 September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Net income (loss) attributable to common stockholders - basic and diluted:
 
 
 
 
 
 
 
Net income (loss) attributable to the Company
$
(1,869
)
 
$
(1,000
)
 
$
13,681

 
$
(1,898
)
Less: Dividends on preferred stock
(1,707
)
 
(1,707
)
 
(5,122
)
 
(5,087
)
Less: Dividends on common stock
(5,126
)
 
(5,038
)
 
(15,364
)
 
(15,107
)
Less: Dividends on unvested performance stock units
(72
)
 
(85
)
 
(216
)
 
(238
)
Less: Dividends on unvested restricted shares
(78
)
 
(75
)
 
(243
)
 
(200
)
Undistributed net income (loss) allocated to common stockholders
(8,852
)
 
(7,905
)
 
(7,264
)
 
(22,530
)
Add back: Dividends on common stock
5,126

 
5,038

 
15,364

 
15,107

Distributed and undistributed net income (loss) - basic and diluted
$
(3,726
)
 
$
(2,867
)
 
$
8,100

 
$
(7,423
)
 
 
 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
32,023

 
31,483

 
31,905

 
30,089

Advisory services incentive fee shares
—

 
—

 
17

 
—

Weighted average common shares outstanding – diluted
32,023

 
31,483

 
31,922

 
30,089

 
 
 
 
 
 
 
 
Income (loss) per share - basic:
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(0.12
)
 
$
(0.09
)
 
$
0.25

 
$
(0.25
)
Income (loss) per share - diluted:
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(0.12
)
 
$
(0.09
)
 
$
0.25

 
$
(0.25
)
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 September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Net income (loss) allocated to common stockholders is not adjusted for:
 
 
 
 
 
 
 
Income (loss) allocated to unvested restricted shares
$
78

 
$
75

 
$
243

 
$
200

Income (loss) allocated to unvested performance stock units
72

 
85

 
216

 
238

Income (loss) attributable to redeemable noncontrolling interests in operating partnership
(452
)
 
(360
)
 
1,075

 
(958
)
Dividends on preferred stock
1,707

 
1,707

 
5,122

 
5,087

Total
$
1,405

 
$
1,507

 
$
6,656

 
$
4,567

Weighted average diluted shares are not adjusted for:
 
 
 
 
 
 
 
Effect of unvested restricted shares
81

 
79

 
57

 
81

Effect of unvested performance stock units
52

 
—

 
23

 
—

Effect of assumed conversion of operating partnership units
4,173

 
4,256

 
4,137

 
4,256

Effect of assumed conversion of preferred stock
6,569

 
6,569

 
6,569

 
5,893

Effect of advisory services incentive fee shares
32

 
132

 
—

 
146

Total
10,907

 
11,036

 
10,786

 
10,376