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Income (Loss) Per Share (Tables)
 6 Months Ended
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