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Income (Loss) Per Share | 9 Months Ended
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Sep. 30, 2019
Earnings Per Share [Abstract] |
Income (Loss) Per Share | 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 September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Net income (loss) attributable to common stockholders - basic and diluted: |  |  |  |  |  |  |
Net income (loss) attributable to the Company | $ | (9,388 | ) |  | $ | (1,869 | ) |  | $ | (14,879 | ) |  | $ | 13,681 |
Less: Dividends on preferred stock | (2,533 | ) |  | (1,707 | ) |  | (7,597 | ) |  | (5,122 | )
Less: Dividends on common stock | (5,177 | ) |  | (5,126 | ) |  | (15,508 | ) |  | (15,364 | )
Less: Dividends on unvested performance stock units | (74 | ) |  | (72 | ) |  | (224 | ) |  | (216 | )
Less: Dividends on unvested restricted shares | (88 | ) |  | (78 | ) |  | (272 | ) |  | (243 | )
Undistributed net income (loss) allocated to common stockholders | (17,260 | ) |  | (8,852 | ) |  | (38,480 | ) |  | (7,264 | )
Add back: Dividends on common stock | 5,177 |  |  | 5,126 |  |  | 15,508 |  |  | 15,364 |
Distributed and undistributed net income (loss) - basic and diluted | $ | (12,083 | ) |  | $ | (3,726 | ) |  | $ | (22,972 | ) |  | $ | 8,100 |
Weighted average common shares outstanding: |  |  |  |  |  |  |
Weighted average common shares outstanding – basic | 32,347 |  |  | 32,023 |  |  | 32,259 |  |  | 31,905 |
Advisory services incentive fee shares | — |  |  | — |  |  | — |  |  | 17 |
Weighted average common shares outstanding – diluted | 32,347 |  |  | 32,023 |  |  | 32,259 |  |  | 31,922 |
Income (loss) per share - basic: |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | (0.37 | ) |  | $ | (0.12 | ) |  | $ | (0.71 | ) |  | $ | 0.25 |
Income (loss) per share - diluted: |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | (0.37 | ) |  | $ | (0.12 | ) |  | $ | (0.71 | ) |  | $ | 0.25 |
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,
| 2019 |  | 2018 |  | 2019 |  | 2018
Net income (loss) allocated to common stockholders is not adjusted for: |  |  |  |  |  |  |
Income (loss) allocated to unvested restricted shares | $ | 88 |  |  | $ | 78 |  |  | $ | 272 |  |  | $ | 243 |
Income (loss) allocated to unvested performance stock units | 74 |  |  | 72 |  |  | 224 |  |  | 216 |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership | (1,465 | ) |  | (452 | ) |  | (2,770 | ) |  | 1,075 |
Dividends on preferred stock - Series B | 1,708 |  |  | 1,707 |  |  | 5,122 |  |  | 5,122 |
Total | $ | 405 |  |  | $ | 1,405 |  |  | $ | 2,848 |  |  | $ | 6,656 |
Weighted average diluted shares are not adjusted for: |  |  |  |  |  |  |
Effect of unvested restricted shares | 19 |  |  | 81 |  |  | 53 |  |  | 57 |
Effect of unvested performance stock units | 165 |  |  | 52 |  |  | 206 |  |  | 23 |
Effect of assumed conversion of operating partnership units | 4,162 |  |  | 4,173 |  |  | 4,229 |  |  | 4,137 |
Effect of assumed conversion of preferred stock - Series B | 6,569 |  |  | 6,569 |  |  | 6,569 |  |  | 6,569 |
Effect of advisory services incentive fee shares | 73 |  |  | 32 |  |  | 73 |  |  | — |
Total | 10,988 |  |  | 10,907 |  |  | 11,130 |  |  | 10,786 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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