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Income (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 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 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
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 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