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Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2020
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,
 
2020
 
2019
 
2020
 
2019
Net income (loss) attributable to common stockholders - basic and diluted:
 
 
 
 
 
 
 
Net income (loss) attributable to the Company
$
(18,677
)
 
$
(9,388
)
 
$
(79,538
)
 
$
(14,879
)
Less: Dividends on preferred stock
(2,554
)
 
(2,533
)
 
(7,664
)
 
(7,597
)
Less: Dividends on common stock
—

 
(5,177
)
 
—

 
(15,508
)
Less: Dividends on unvested performance stock units
—

 
(74
)
 
—

 
(224
)
Less: Dividends on unvested restricted shares
—

 
(88
)
 
—

 
(272
)
Undistributed net income (loss) allocated to common stockholders
(21,231
)
 
(17,260
)
 
(87,202
)
 
(38,480
)
Add back: Dividends on common stock
—

 
5,177

 
—

 
15,508

Distributed and undistributed net income (loss) - basic and diluted
$
(21,231
)
 
$
(12,083
)
 
$
(87,202
)
 
$
(22,972
)
 
 
 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic and diluted
33,923

 
32,347

 
33,103

 
32,259

 
 
 
 
 
 
 
 
Income (loss) per share - basic:
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(0.63
)
 
$
(0.37
)
 
$
(2.63
)
 
$
(0.71
)
Income (loss) per share - diluted:
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(0.63
)
 
$
(0.37
)
 
$
(2.63
)
 
$
(0.71
)

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,
 
2020
 
2019
 
2020
 
2019
Net income (loss) allocated to common stockholders is not adjusted for:
 
 
 
 
 
 
 
Income (loss) allocated to unvested restricted shares
$
—

 
$
88

 
$
—

 
$
272

Income (loss) allocated to unvested performance stock units
—

 
74

 
—

 
224

Income (loss) attributable to redeemable noncontrolling interests in operating partnership
(2,381
)
 
(1,465
)
 
(10,036
)
 
(2,770
)
Dividends on preferred stock - Series B
1,729

 
1,708

 
5,189

 
5,122

Total
$
(652
)
 
$
405

 
$
(4,847
)
 
$
2,848

Weighted average diluted shares are not adjusted for:
 
 
 
 
 
 
 
Effect of unvested restricted shares
—

 
19

 
25

 
53

Effect of unvested performance stock units
—

 
165

 
—

 
206

Effect of assumed conversion of operating partnership units
3,863

 
4,162

 
3,940

 
4,229

Effect of assumed conversion of preferred stock - Series B
6,728

 
6,569

 
6,728

 
6,569

Effect of advisory services incentive fee shares
269

 
73

 
288

 
73

Effect of contingently issuable shares
10

 
—

 
3

 
—

Total
10,870

 
10,988

 
10,984

 
11,130