v3.22.4
Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2022
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,
2022202120222021
(restated)(restated)
Net income (loss) attributable to common stockholders - basic and diluted:
Net income (loss) attributable to the Company$(8,040)$(6,946)$20,989 $(24,887)
Less: Dividends on preferred stock(6,028)(1,977)(13,395)(6,258)
Less: Deemed dividends on redeemable preferred stock(2,649)— (4,802)— 
Less: Dividends on common stock(710)— (2,124)— 
Less: Loss on extinguishment of preferred stock - Series B— (111)— (4,595)
Less: Dividends on unvested performance stock units(5)— (19)— 
Less: Dividends on unvested restricted shares(4)— (16)— 
Less: Net (income) loss allocated to performance stock units— — (43)— 
Less: Net (income) loss allocated to unvested restricted shares— — (49)— 
Undistributed net income (loss) allocated to common stockholders$(17,436)$(9,034)$541 $(35,740)
Add back: Dividends on common stock710 — 2,124 — 
Distributed and undistributed net income (loss) - basic and diluted$(16,726)$(9,034)$2,665 $(35,740)
Weighted average common shares outstanding:
Weighted average common shares outstanding – basic70,956 59,207 69,213 48,954 
Effect of assumed exercise of warrants— — 1 — 
Weighted average common shares outstanding – diluted70,956 59,207 69,214 48,954 
Income (loss) per share - basic:
Net income (loss) allocated to common stockholders per share$(0.24)$(0.15)$0.04 $(0.73)
Income (loss) per share - diluted:
Net income (loss) allocated to common stockholders per share$(0.24)$(0.15)$0.04 $(0.73)
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,
2022202120222021
(restated)(restated)
Net income (loss) allocated to common stockholders is not adjusted for:
Income (loss) allocated to unvested restricted shares$4 $— $65 $— 
Income (loss) allocated to unvested performance stock units5 — 62 — 
Income (loss) attributable to redeemable noncontrolling interests in operating partnership(1,166)(823)647 (3,184)
Dividends on preferred stock - Series B1,059 1,058 3,175 3,689 
Loss on extinguishment of preferred stock - Series B— 111 — 4,595 
Interest expense on Convertible Senior Notes1,111 1,361 3,322 2,010 
Dividends on preferred stock - Series E (inclusive of deemed dividends)6,059 90 11,434 90 
Dividends on preferred stock - Series M (inclusive of deemed dividends)734 4 1,113 4 
Total$7,806 $1,801 $19,818 $7,204 
Weighted average diluted shares are not adjusted for:
Effect of unvested restricted shares47 89 33 100 
Effect of assumed conversion of operating partnership units5,956 5,564 5,893 4,543 
Effect of assumed conversion of preferred stock - Series B4,116 4,115 4,116 4,781 
Effect of assumed conversion of exchanged preferred stock - Series B— — — 485 
Effect of assumed conversion of Convertible Senior Notes13,609 13,609 13,609 6,730 
Effect of assumed conversion of preferred stock - Series E41,008 700 24,491 233 
Effect of assumed conversion of preferred stock - Series M4,563 32 1,941 11 
Total69,299 24,109 50,083 16,883