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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and six months ended June 30, 2018 and 2017:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

9,937,000

 

 

$

(4,389,000

)

 

$

(6,683,000

)

 

$

7,556,000

 

Preferred stock dividends

 

 

(2,688,000

)

 

 

(3,602,000

)

 

 

(5,487,000

)

 

 

(7,204,000

)

Preferred stock redemptions costs

 

 

-

 

 

 

-

 

 

 

(3,507,000

)

 

 

-

 

Net (income) attributable to noncontrolling interests

 

 

(160,000

)

 

 

(85,000

)

 

 

(208,000

)

 

 

(254,000

)

Net earnings allocated to unvested shares

 

 

(294,000

)

 

 

(190,000

)

 

 

(412,000

)

 

 

(375,000

)

Net income (loss) attributable to vested common shares

 

$

6,795,000

 

 

$

(8,266,000

)

 

$

(16,297,000

)

 

$

(277,000

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of vested common shares outstanding, basic

 

 

88,011,000

 

 

 

81,771,000

 

 

 

87,817,000

 

 

 

81,753,000

 

Assumed vesting of market performance-based restricted stock units

 

 

155,000

 

 

 

-

 

 

 

78,000

 

 

 

-

 

Weighted average number of vested common shares outstanding, diluted

 

 

88,166,000

 

 

 

81,771,000

 

 

 

87,895,000

 

 

 

81,753,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share attributable to common shareholders, basic

 

$

0.08

 

 

$

(0.10

)

 

$

(0.19

)

 

$

(0.00

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share attributable to common shareholders, diluted

 

$

0.08

 

 

$

(0.10

)

 

$

(0.19

)

 

$

(0.00

)