Annual report pursuant to Section 13 and 15(d)

(Loss) Earnings Per Share of Common Stock

v3.8.0.1
(Loss) Earnings Per Share of Common Stock
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share of Common Stock
EARNINGS PER SHARE OF COMMON STOCK
The following table sets forth the computation of basic and diluted (loss) earnings per common share for the years ended December 31, 2017, 2016, and 2015, computed using the weighted-average number of shares outstanding during the respective periods. The non-controlling limited partners' outstanding OP Units (which may be redeemed for shares of common stock) have been excluded from the diluted earnings per share calculation, as there would be no effect on the amounts since the non-controlling limited partners' share of income would also be added back to net income. Net income figures are presented net of non-controlling interests in the earnings per share calculation.
 
 
2017
 
2016
 
2015
 
 
(Dollars in thousands, except per-share amounts)
Net (loss) income attributable to the Company
 
$
(31
)
 
$
448

 
$
569

Weighted average shares of common stock outstanding – basic and diluted
 
12,055,791

 
10,007,350

 
8,639,397

(Loss) earnings per common share – basic and diluted
 
$
—

 
$
0.04

 
$
0.07


The weighted-average number of OP Units held by non-controlling limited partners was 1,358,790 and 766,351 for the years ended December 31, 2017 and 2016, respectively. There were no OP Units held by anyone other than the Company during 2015.