XML 58 R42.htm IDEA: XBRL DOCUMENT
v3.20.4

Income (Loss) Per Share (Tables) | 12 Months Ended
--- | ---
Dec. 31, 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):
|  |  | Year Ended December 31,
|  |  |  |  | 2020 |  | 2019 |  | 2018
Net income (loss) attributable to common stockholders - basic and diluted: |  |  |  |  |  |  |  |  |
Net income (loss) attributable to the Company |  |  |  |  | $ | (105,262) |  |  | $ | 371 |  |  | $ | 1,320 |
Less: Dividends on preferred stock |  |  |  |  | (10,219) |  |  | (10,142) |  |  | (7,205) |
Less: Dividends on common stock |  |  |  |  | — |  |  | (24,145) |  |  | (20,495) |
Less: Dividends on unvested performance stock units |  |  |  |  | — |  |  | (261) |  |  | — |
Add: Claw back of dividends on cancelled performance stock units |  |  |  |  | 202 |  |  | — |  |  | 114 |
Less: Dividends on unvested restricted shares |  |  |  |  | — |  |  | (405) |  |  | (314) |
Undistributed net income (loss) allocated to common stockholders |  |  |  |  | (115,279) |  |  | (34,582) |  |  | (26,580) |
Add back: Dividends on common stock |  |  |  |  | — |  |  | 24,145 |  |  | 20,495 |
Distributed and undistributed net income (loss) - basic and diluted |  |  |  |  | $ | (115,279) |  |  | $ | (10,437) |  |  | $ | (6,085) |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding – basic and diluted |  |  |  |  | 33,998 |  |  | 32,289 |  |  | 31,944 |
Income (loss) per share - basic: |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share |  |  |  |  | $ | (3.39) |  |  | $ | (0.32) |  |  | $ | (0.19) |
Income (loss) per share - diluted: |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share |  |  |  |  | $ | (3.39) |  |  | $ | (0.32) |  |  | $ | (0.19) |
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,
|  |  |  |  | 2020 |  | 2019 |  | 2018
Net income (loss) allocated to common stockholders is not adjusted for: |  |  |  |  |  |  |  |  |
Income (loss) allocated to unvested restricted shares |  |  |  |  | $ | — |  |  | $ | 405 |  |  | $ | 314 |
Income (loss) allocated to unvested performance stock units |  |  |  |  | — |  |  | 261 |  |  | (114) |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership |  |  |  |  | (12,979) |  |  | (1,207) |  |  | (751) |
Dividends on preferred stock - Series B |  |  |  |  | 6,919 |  |  | 6,842 |  |  | 6,829 |
Total |  |  |  |  | $ | (6,060) |  |  | $ | 6,301 |  |  | $ | 6,278 |
Weighted average diluted shares are not adjusted for: |  |  |  |  |  |  |  |  |
Effect of unvested restricted shares |  |  |  |  | 22 |  |  | 51 |  |  | 55 |
Effect of unvested performance stock units |  |  |  |  | — |  |  | 193 |  |  | 48 |
Effect of assumed conversion of operating partnership units |  |  |  |  | 3,923 |  |  | 4,219 |  |  | 4,159 |
Effect of assumed conversion of preferred stock - Series B |  |  |  |  | 6,728 |  |  | 6,581 |  |  | 6,569 |
Total |  |  |  |  | 10,673 |  |  | 11,044 |  |  | 10,831 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1278-109256 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=120380238&loc=d3e4984-109258 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration