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Income (Loss) Per Share (Tables) | 3 Months Ended
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Mar. 31, 2019
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,
| 2019 |  | 2018
Net income (loss) attributable to common stockholders - basic and diluted: |  |  |
Net income (loss) attributable to the Company | $ | (981 | ) |  | $ | 4,020 |
Less: Dividends on preferred stock | (2,532 | ) |  | (1,707 | )
Less: Dividends on common stock | (5,158 | ) |  | (5,116 | )
Less: Dividends on unvested performance stock units | (75 | ) |  | (72 | )
Less: Dividends on unvested restricted shares | (96 | ) |  | (87 | )
Undistributed net income (loss) allocated to common stockholders | (8,842 | ) |  | (2,962 | )
Add back: Dividends on common stock | 5,158 |  |  | 5,116 |
Distributed and undistributed net income (loss) - basic and diluted | $ | (3,684 | ) |  | $ | 2,154 |
Weighted average common shares outstanding: |  |  |
Weighted average common shares outstanding – basic | 32,115 |  |  | 31,680 |
Advisory services incentive fee shares | — |  |  | 3 |
Weighted average common shares outstanding – diluted | 32,115 |  |  | 31,683 |
Income (loss) per share - basic: |  |  |
Net income (loss) allocated to common stockholders per share | $ | (0.11 | ) |  | $ | 0.07 |
Income (loss) per share - diluted: |  |  |
Net income (loss) allocated to common stockholders per share | $ | (0.11 | ) |  | $ | 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,
| 2019 |  | 2018
Net income (loss) allocated to common stockholders is not adjusted for: |  |  |
Income (loss) allocated to unvested restricted shares | $ | 96 |  |  | $ | 87 |
Income (loss) allocated to unvested performance stock units | 75 |  |  | 72 |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership | (440 | ) |  | 292 |
Dividends on preferred stock - Series B | 1,707 |  |  | 1,707 |
Total | $ | 1,438 |  |  | $ | 2,158 |
Weighted average diluted shares are not adjusted for: |  |  |
Effect of unvested restricted shares | 87 |  |  | 49 |
Effect of unvested performance stock units | 288 |  |  | 16 |
Effect of assumed conversion of operating partnership units | 4,342 |  |  | 4,124 |
Effect of assumed conversion of preferred stock - Series B | 6,569 |  |  | 6,569 |
Effect of advisory services incentive fee shares | 73 |  |  | — |
Total | 11,359 |  |  | 10,758 |

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