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Earnings per Share (Tables) | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Components of basic and diluted earnings per share | The following table sets forth the components of basic and diluted EPS ($ in thousands, except per share):
| Three months ended June 30, 2020 |  |  |  |  |  | Three months ended June 30, 2019 |  |  |  |
| Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
Basic EPS |  |  |  |  |  |  |  |  |  |  |
Consolidated net income attributable to common stockholders | $ | 6,242 |  |  | 22,808,943 |  |  |  |  | $ | 13,027 |  |  | 19,169,941 |  |  |
Allocation of earnings to participating restricted shares | (33) |  |  | — |  |  |  |  | (133) |  |  | — |  |  |
Consolidated net income attributable to unrestricted common stockholders | $ | 6,209 |  |  | 22,808,943 |  |  | $ | 0.27 |  |  | $ | 12,894 |  |  | 19,169,941 |  |  | $ | 0.67 |
Effect of dilutive securities(1) |  |  |  |  |  |  |  |  |  |  |
Operating Partnership units | — |  |  | — |  |  |  |  | 107 |  |  | 349,774 |  |  |
Restricted stock grants and Manager and director fee shares(2) | 33 |  |  | 120,906 |  |  |  |  | — |  |  | — |  |  |
Interest expense (add back) and assumed conversion of shares from convertible senior notes(3) | — |  |  | — |  |  |  |  | 2,545 |  |  | 8,212,872 |  |  |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |
Consolidated net income attributable to common stockholders and dilutive securities | $ | 6,242 |  |  | 22,929,849 |  |  | $ | 0.27 |  |  | $ | 15,546 |  |  | 27,732,587 |  |  | $ | 0.56 |
(1)The Company's outstanding warrants for an additional 6,500,000 shares of common stock would have an antidilutive effect on diluted earnings per share for the quarter ended June 30, 2020, and have not been included in the calculation. (2)The effect of restricted stock grants and manager and director fee shares on the Company's diluted EPS calculation for June 30, 2019 would have been anti-dilutive and have been removed from the calculation. (3)The effect of the interest expense and assumed conversion of shares from convertible senior notes on the Company's Diluted EPS calculation for the first quarter of 2020 would have been anti-dilutive, accordingly the effect of these securities have been removed from the Diluted EPS calculation for the quarter ended June 30, 2020.
| Six months ended June 30, 2020 |  |  |  |  |  | Six months ended June 30, 2019 |  |  |  |
| Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount |  | Income (Numerator) |  | Shares (Denominator) |  | Per Share Amount
Basic EPS |  |  |  |  |  |  |  |  |  |  |
Consolidated net income attributable to common stockholders | $ | 6,642 |  |  | 22,439,648 |  |  |  |  | $ | 20,357 |  |  | 18,991,817 |  |  |
Allocation of earnings to participating restricted shares | (35) |  |  | — |  |  |  |  | (221) |  |  | — |  |  |
Consolidated net income attributable to unrestricted common stockholders | $ | 6,607 |  |  | 22,439,648 |  |  | $ | 0.29 |  |  | $ | 20,136 |  |  | 18,991,817 |  |  | $ | 1.06 |
Effect of dilutive securities(1) |  |  |  |  |  |  |  |  |  |  |
Operating Partnership units | — |  |  | — |  |  |  |  | 346 |  |  | 486,182 |  |  |
Restricted stock grants and Manager and director fee shares(2) | 35 |  |  | 120,268 |  |  |  |  | 219 |  |  | 206,916 |  |  |
Interest expense (add back) and assumed conversion of shares from convertible senior notes(3) | — |  |  | — |  |  |  |  | 5,093 |  |  | 8,194,693 |  |  |
Diluted EPS |  |  |  |  |  |  |  |  |  |  |
Consolidated net income attributable to common stockholders and dilutive securities | $ | 6,642 |  |  | 22,559,916 |  |  | $ | 0.29 |  |  | $ | 25,794 |  |  | 27,879,608 |  |  | $ | 0.93 |
(1)The Company's outstanding warrants for an additional 6,500,000 shares of common stock would have an antidilutive effect on diluted earnings per share for the quarter ended June 30, 2020, and have not been included in the calculation. (2)The effect of restricted stock grants and manager and director fee shares on the Company's diluted EPS calculation for June 30, 2019 would have been anti-dilutive and have been removed from the calculation. (3)The effect of the interest expense and assumed conversion of shares from convertible senior notes on the Company's Diluted EPS calculation for the first quarter of 2020 would have been anti-dilutive, accordingly the effect of these securities have been removed from the Diluted EPS calculation for the quarter ended June 30, 2020.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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