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Income (Loss) Per Share (Tables) | 6 Months Ended
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Jun. 30, 2020
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,
| 2020 |  | 2019 |  | 2020 |  | 2019
Net income (loss) attributable to common stockholders - basic and diluted: |  |  |  |  |  |  |
Net income (loss) attributable to the Company | $ | (43,790 | ) |  | $ | (4,510 | ) |  | $ | (56,720 | ) |  | $ | (5,491 | )
Less: Dividends on preferred stock | (2,555 | ) |  | (2,532 | ) |  | (5,110 | ) |  | (5,064 | )
Less: Dividends on common stock | — |  |  | (5,173 | ) |  | — |  |  | (10,331 | )
Less: Dividends on unvested performance stock units | — |  |  | (75 | ) |  | — |  |  | (150 | )
Less: Dividends on unvested restricted shares | — |  |  | (88 | ) |  | — |  |  | (184 | )
Undistributed net income (loss) allocated to common stockholders | (46,345 | ) |  | (12,378 | ) |  | (61,830 | ) |  | (21,220 | )
Add back: Dividends on common stock | — |  |  | 5,173 |  |  | — |  |  | 10,331 |
Distributed and undistributed net income (loss) - basic and diluted | $ | (46,345 | ) |  | $ | (7,205 | ) |  | $ | (61,830 | ) |  | $ | (10,889 | )
Weighted average common shares outstanding: |  |  |  |  |  |  |
Weighted average common shares outstanding – basic and diluted | 32,907 |  |  | 32,307 |  |  | 32,688 |  |  | 32,213 |
Income (loss) per share - basic: |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | (1.41 | ) |  | $ | (0.22 | ) |  | $ | (1.89 | ) |  | $ | (0.34 | )
Income (loss) per share - diluted: |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | (1.41 | ) |  | $ | (0.22 | ) |  | $ | (1.89 | ) |  | $ | (0.34 | )
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,
| 2020 |  | 2019 |  | 2020 |  | 2019
Net income (loss) allocated to common stockholders is not adjusted for: |  |  |  |  |  |  |
Income (loss) allocated to unvested restricted shares | $ | — |  |  | $ | 88 |  |  | $ | — |  |  | $ | 184 |
Income (loss) allocated to unvested performance stock units | — |  |  | 75 |  |  | — |  |  | 150 |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership | (5,297 | ) |  | (865 | ) |  | (7,182 | ) |  | (1,305 | )
Dividends on preferred stock - Series B | 1,730 |  |  | 1,707 |  |  | 3,460 |  |  | 3,414 |
Total | $ | (3,567 | ) |  | $ | 1,005 |  |  | $ | (3,722 | ) |  | $ | 2,443 |
Weighted average diluted shares are not adjusted for: |  |  |  |  |  |  |
Effect of unvested restricted shares | — |  |  | 52 |  |  | 38 |  |  | 70 |
Effect of unvested performance stock units | — |  |  | 166 |  |  | — |  |  | 227 |
Effect of assumed conversion of operating partnership units | 3,845 |  |  | 4,181 |  |  | 3,979 |  |  | 4,262 |
Effect of assumed conversion of preferred stock - Series B | 6,728 |  |  | 6,569 |  |  | 6,728 |  |  | 6,569 |
Effect of advisory services incentive fee shares | 236 |  |  | 73 |  |  | 298 |  |  | 73 |
Total | 10,809 |  |  | 11,041 |  |  | 11,043 |  |  | 11,201 |

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