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Income (Loss) Per Share (Tables) | 3 Months Ended
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Mar. 31, 2021
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 March 31,
|  |  |  |  | 2021 |  | 2020 |  |
Net income (loss) attributable to common stockholders - basic and diluted: |  |  |  |  |  |  |  |  |
Net income (loss) attributable to the Company |  |  |  |  | $ | (8,708) |  |  | $ | (12,930) |  |  |
Less: Dividends on preferred stock |  |  |  |  | (2,388) |  |  | (2,555) |  |  |
Less: Loss on extinguishment of preferred stock - Series B |  |  |  |  | (73) |  |  | — |  |  |
Undistributed net income (loss) allocated to common stockholders |  |  |  |  | (11,169) |  |  | (15,485) |  |  |
Distributed and undistributed net income (loss) - basic and diluted |  |  |  |  | $ | (11,169) |  |  | $ | (15,485) |  |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding – basic and diluted |  |  |  |  | 39,605 |  |  | 32,474 |  |  |
Income (loss) per share - basic: |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share |  |  |  |  | $ | (0.28) |  |  | $ | (0.48) |  |  |
Income (loss) per share - diluted: |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share |  |  |  |  | $ | (0.28) |  |  | $ | (0.48) |  |  |
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 March 31,
|  |  |  |  | 2021 |  | 2020 |  |
Net income (loss) allocated to common stockholders is not adjusted for: |  |  |  |  |  |  |  |  |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership |  |  |  |  | (1,079) |  |  | (1,885) |  |  |
Dividends on preferred stock - Series B |  |  |  |  | 1,563 |  |  | 1,730 |  |  |
Loss on extinguishment of preferred stock - Series B |  |  |  |  | 73 |  |  | — |  |  |
Total |  |  |  |  | $ | 557 |  |  | $ | (155) |  |  |
Weighted average diluted shares are not adjusted for: |  |  |  |  |  |  |  |  |
Effect of unvested restricted shares |  |  |  |  | 83 |  |  | 76 |  |  |
Effect of assumed conversion of operating partnership units |  |  |  |  | 4,006 |  |  | 4,112 |  |  |
Effect of assumed conversion of preferred stock - Series B |  |  |  |  | 6,078 |  |  | 6,728 |  |  |
Effect of assumed conversion of exchanged preferred stock - Series B |  |  |  |  | 551 |  |  | 361 |  |  |
Total |  |  |  |  | 10,718 |  |  | 11,277 |  |  |

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- 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
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- 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
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