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Income (Loss) Per Share (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Net income (loss) attributable to common stockholders - basic and diluted: |  |  |  |  |  |  |  |  |
Net income (loss) attributable to the Company | $ | (9,233) |  |  | $ | (47,931) |  |  | $ | (17,941) |  |  | $ | (60,861) |  |  |
Less: Dividends on preferred stock | (1,893) |  |  | (2,555) |  |  | (4,281) |  |  | (5,110) |  |  |
Less: Loss on extinguishment of preferred stock - Series B | (4,411) |  |  | — |  |  | (4,484) |  |  | — |  |  |
Undistributed net income (loss) allocated to common stockholders | (15,537) |  |  | (50,486) |  |  | (26,706) |  |  | (65,971) |  |  |
Distributed and undistributed net income (loss) - basic and diluted | $ | (15,537) |  |  | $ | (50,486) |  |  | $ | (26,706) |  |  | $ | (65,971) |  |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding – basic and diluted | 47,820 |  |  | 32,907 |  |  | 43,737 |  |  | 32,688 |  |  |
Income (loss) per share - basic: |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | (0.32) |  |  | $ | (1.53) |  |  | $ | (0.61) |  |  | $ | (2.02) |  |  |
Income (loss) per share - diluted: |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | (0.32) |  |  | $ | (1.53) |  |  | $ | (0.61) |  |  | $ | (2.02) |  |  |
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,
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Net income (loss) allocated to common stockholders is not adjusted for: |  |  |  |  |  |  |  |  |
Income (loss) attributable to redeemable noncontrolling interests in operating partnership | $ | (1,282) |  |  | $ | (5,770) |  |  | $ | (2,361) |  |  | $ | (7,655) |  |  |
Dividends on preferred stock - Series B | 1,068 |  |  | 1,730 |  |  | 2,631 |  |  | 3,460 |  |  |
Loss on extinguishment of preferred stock - Series B | 4,411 |  |  | — |  |  | 4,484 |  |  | — |  |  |
Interest expense on Convertible Senior Notes | 649 |  |  | — |  |  | 649 |  |  | — |  |  |
Total | $ | 4,846 |  |  | $ | (4,040) |  |  | $ | 5,403 |  |  | $ | (4,195) |  |  |
Weighted average diluted shares are not adjusted for: |  |  |  |  |  |  |  |  |
Effect of unvested restricted shares | 129 |  |  | — |  |  | 106 |  |  | 38 |  |  |
Effect of assumed conversion of operating partnership units | 4,059 |  |  | 3,845 |  |  | 4,033 |  |  | 3,979 |  |  |
Effect of assumed conversion of preferred stock - Series B | 4,156 |  |  | 6,728 |  |  | 5,113 |  |  | 6,728 |  |  |
Effect of assumed conversion of exchanged preferred stock - Series B | 905 |  |  | 236 |  |  | 728 |  |  | 298 |  |  |
Effect of assumed conversion of Convertible Senior Notes | 6,580 |  |  | — |  |  | 3,290 |  |  | — |  |  |
Total | 15,829 |  |  | 10,809 |  |  | 13,270 |  |  | 11,043 |  |  |

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