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Income (Loss) Per Share (Tables)

3 Months Ended

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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- References

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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

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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-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

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