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 June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Net income (loss) attributable to common stockholders - basic and diluted:
Net income (loss) attributable to the Company	$	(4,510	)	$	11,530		$	(5,491	)	$	15,550
Less: Dividends on preferred stock	(2,532		)	(1,708		)	(5,064		)	(3,415		)
Less: Dividends on common stock	(5,173		)	(5,122		)	(10,331		)	(10,238		)
Less: Dividends on unvested performance stock units	(75		)	(72		)	(150		)	(144		)
Less: Dividends on unvested restricted shares	(88		)	(78		)	(184		)	(165		)
Less: Net (income) loss allocated to unvested restricted shares	—			(70		)	—			(24		)
Undistributed net income (loss) allocated to common stockholders	(12,378		)	4,480			(21,220		)	1,564
Add back: Dividends on common stock	5,173			5,122			10,331			10,238
Distributed and undistributed net income (loss) - basic	$	(7,205	)	$	9,602		$	(10,889	)	$	11,802
Dividends on preferred stock	—			1,708			—			—
Distributed and undistributed net income (loss) - diluted	$	(7,205	)	$	11,310		$	(10,889	)	$	11,802

Weighted average common shares outstanding:
Weighted average common shares outstanding – basic	32,307			32,006			32,213			31,845
Effect of assumed conversion of preferred stock	—			6,569			—			—
Advisory services incentive fee shares	—			13			—			8
Weighted average common shares outstanding – diluted	32,307			38,588			32,213			31,853

Income (loss) per share - basic:
Net income (loss) allocated to common stockholders per share	$	(0.22	)	$	0.30		$	(0.34	)	$	0.37
Income (loss) per share - diluted:
Net income (loss) allocated to common stockholders per share	$	(0.22	)	$	0.29		$	(0.34	)	$	0.37

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 June 30,					Six Months Ended June 30,
	2019			2018		2019			2018
Net income (loss) allocated to common stockholders is not adjusted for:
Income (loss) allocated to unvested restricted shares	$	88		$	148	$	184		$	189
Income (loss) allocated to unvested performance stock units	75			72		150			144
Income (loss) attributable to redeemable noncontrolling interests in operating partnership	(865		)	1,235		(1,305		)	1,527
Dividends on preferred stock - Series B	1,707			—		3,414			3,415
Total	$	1,005		$	1,455	$	2,443		$	5,275
Weighted average diluted shares are not adjusted for:
Effect of unvested restricted shares	52			41		70			45
Effect of unvested performance stock units	166			—		227			8
Effect of assumed conversion of operating partnership units	4,181			4,114		4,262			4,119
Effect of assumed conversion of preferred stock - Series B	6,569			—		6,569			6,569
Effect of advisory services incentive fee shares	73			—		73			—
Total	11,041			4,155		11,201			10,741