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Income (Loss) Per Share (Tables) | 12 Months Ended
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Dec. 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):
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
Net income (loss) attributable to common stockholders—Basic and diluted: |  |  |  |  |
Net income (loss) attributable to the Company | $ | 371 |  |  | $ | 1,320 |  |  | $ | 23,022 |
Less: Dividends on preferred stock | (10,142 | ) |  | (7,205 | ) |  | (6,795 | )
Less: Dividends on common stock | (24,145 | ) |  | (20,495 | ) |  | (20,179 | )
Less: Dividends on unvested performance stock units | (261 | ) |  | 114 |  |  | (138 | )
Less: Dividends on unvested restricted shares | (405 | ) |  | (314 | ) |  | (267 | )
Undistributed net income (loss) allocated to common stockholders | (34,582 | ) |  | (26,580 | ) |  | (4,357 | )
Add back: Dividends on common stock | 24,145 |  |  | 20,495 |  |  | 20,179 |
Distributed and undistributed net income (loss)—basic | $ | (10,437 | ) |  | $ | (6,085 | ) |  | $ | 15,822 |
Net income (loss) attributable to redeemable noncontrolling interests in operating partnership | — |  |  | — |  |  | 2,038 |
Distributed and undistributed net income (loss)—diluted | $ | (10,437 | ) |  | $ | (6,085 | ) |  | $ | 17,860 |
Weighted average common shares outstanding: |  |  |  |  |
Weighted average common shares outstanding—basic | 32,289 |  |  | 31,944 |  |  | 30,473 |
Effect of assumed conversion of operating partnership units | — |  |  | — |  |  | 4,233 |
Weighted average common shares outstanding—diluted | 32,289 |  |  | 31,944 |  |  | 34,706 |
Income (loss) per share—basic: |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | (0.32 | ) |  | $ | (0.19 | ) |  | $ | 0.52 |
Income (loss) per share—diluted: |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | (0.32 | ) |  | $ | (0.19 | ) |  | $ | 0.51 |
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):
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
Net income (loss) allocated to common stockholders is not adjusted for: |  |  |  |  |
Income (loss) allocated to unvested restricted shares | $ | 405 |  |  | $ | 314 |  |  | $ | 267 |
Income (loss) allocated to unvested performance stock units | 261 |  |  | (114 | ) |  | 138 |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership | (1,207 | ) |  | (751 | ) |  | — |
Dividends on preferred stock - Series B | 6,842 |  |  | 6,829 |  |  | 6,795 |
Total | $ | 6,301 |  |  | $ | 6,278 |  |  | $ | 7,200 |
Weighted average diluted shares are not adjusted for: |  |  |  |  |
Effect of unvested restricted shares | 51 |  |  | 55 |  |  | 77 |
Effect of unvested performance stock units | 193 |  |  | 48 |  |  | — |
Effect of assumed conversion of operating partnership units | 4,219 |  |  | 4,159 |  |  | — |
Effect of assumed conversion of preferred stock - Series B | 6,581 |  |  | 6,569 |  |  | 6,064 |
Total | 11,044 |  |  | 10,831 |  |  | 6,141 |

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