XML 31 R18.htm IDEA: XBRL DOCUMENT
v3.21.2

Income (Loss) Per Share | 9 Months Ended
--- | ---
Sep. 30, 2021
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,
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Net income (loss) attributable to common stockholders - basic and diluted: |  |  |  |  |  |  |  |  |
Net income (loss) attributable to the Company | $ | (6,946) |  |  | $ | (18,677) |  |  | $ | (24,887) |  |  | $ | (79,538) |  |  |
Less: Dividends on preferred stock | (1,977) |  |  | (2,554) |  |  | (6,258) |  |  | (7,664) |  |  |
Less: Loss on extinguishment of preferred stock - Series B | (111) |  |  | — |  |  | (4,595) |  |  | — |  |  |
Undistributed net income (loss) allocated to common stockholders | (9,034) |  |  | (21,231) |  |  | (35,740) |  |  | (87,202) |  |  |
Distributed and undistributed net income (loss) - basic and diluted | $ | (9,034) |  |  | $ | (21,231) |  |  | $ | (35,740) |  |  | $ | (87,202) |  |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding – basic and diluted | 59,207 |  |  | 33,923 |  |  | 48,954 |  |  | 33,103 |  |  |
Income (loss) per share - basic: |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | (0.15) |  |  | $ | (0.63) |  |  | $ | (0.73) |  |  | $ | (2.63) |  |  |
Income (loss) per share - diluted: |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders per share | $ | (0.15) |  |  | $ | (0.63) |  |  | $ | (0.73) |  |  | $ | (2.63) |  |  |
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,
| 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 | $ | (823) |  |  | $ | (2,381) |  |  | $ | (3,184) |  |  | $ | (10,036) |  |  |
Dividends on preferred stock - Series B | 1,058 |  |  | 1,729 |  |  | 3,689 |  |  | 5,189 |  |  |
Loss on extinguishment of preferred stock - Series B | 111 |  |  | — |  |  | 4,595 |  |  | — |  |  |
Interest expense on Convertible Senior Notes | 1,361 |  |  | — |  |  | 2,010 |  |  | — |  |  |
Dividends on preferred stock - Series E | 90 |  |  | — |  |  | 90 |  |  | — |  |  |
Dividends on preferred stock - Series M | 4 |  |  | — |  |  | 4 |  |  | — |  |  |
Total | $ | 1,801 |  |  | $ | (652) |  |  | $ | 7,204 |  |  | $ | (4,847) |  |  |
Weighted average diluted shares are not adjusted for: |  |  |  |  |  |  |  |  |
Effect of unvested restricted shares | 89 |  |  | — |  |  | 100 |  |  | 25 |  |  |
Effect of assumed conversion of operating partnership units | 5,564 |  |  | 3,863 |  |  | 4,543 |  |  | 3,940 |  |  |
Effect of assumed conversion of preferred stock - Series B | 4,115 |  |  | 6,728 |  |  | 4,781 |  |  | 6,728 |  |  |
Effect of assumed conversion of exchanged preferred stock - Series B | — |  |  | 269 |  |  | 485 |  |  | 288 |  |  |
Effect of contingently issuable shares | — |  |  | 10 |  |  | — |  |  | 3 |  |  |
Effect of assumed conversion of Convertible Senior Notes | 13,609 |  |  | — |  |  | 6,730 |  |  | — |  |  |
Effect of assumed conversion of preferred stock - Series E | 700 |  |  | — |  |  | 233 |  |  | — |  |  |
Effect of assumed conversion of preferred stock - Series M | 32 |  |  | — |  |  | 11 |  |  | — |  |  |
Total | 24,109 |  |  | 10,870 |  |  | 16,883 |  |  | 10,984 |  |  |

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 The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration