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Net Income Available to Common Stockholders Per Share of the Company
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Net Income (Loss) Available to Common Stockholders Per Share of the Company
Net Income Available to Common Stockholders Per Share of the Company

The following table reconciles the numerator and denominator in computing the Company’s basic and diluted per-share computations for net income available to common stockholders for the three and nine months ended September 30, 2014 and 2013:

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
 
(in thousands, except share and per share amounts)
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
13,168

 
$
3,179

 
$
39,896

 
$
9,896

(Income) Loss from continuing operations attributable to noncontrolling common units of the Operating Partnership
(193
)
 
3

 
(635
)
 
2

Preferred dividends
(3,313
)
 
(3,312
)
 
(9,938
)
 
(9,938
)
Allocation to participating securities (1)
(432
)
 
(450
)
 
(1,285
)
 
(1,292
)
Numerator for basic and diluted income from continuing operations available to common stockholders
9,230

 
(580
)
 
28,038

 
(1,332
)
Income from discontinued operations
6,135

 
5,848

 
112,482

 
11,622

Income from discontinued operations attributable to noncontrolling common units of the Operating Partnership
(128
)
 
(134
)
 
(2,376
)
 
(268
)
Numerator for basic and diluted net income available to common stockholders
$
15,237

 
$
5,134

 
$
138,144

 
$
10,022

Denominator:
 
 
 
 
 
 
 
Basic weighted average vested shares outstanding
83,161,323

 
76,768,893

 
82,525,033

 
75,750,822

Effect of dilutive securities
1,949,133

 
—

 
2,097,589

 
—

Diluted weighted average vested shares and common share equivalents outstanding
85,110,456

 
76,768,893

 
84,622,622

 
75,750,822

Basic earnings per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations available to common stockholders per share
$
0.11

 
$
0.00

 
$
0.34

 
$
(0.02
)
Income from discontinued operations per common share
0.07

 
0.07

 
1.33

 
0.15

Net income available to common stockholders per share
$
0.18

 
$
0.07

 
$
1.67

 
$
0.13

Diluted earnings per share:
 
 
 
 
 
 
 
Income (loss) from continuing operations available to common stockholders per share
$
0.11

 
$
0.00

 
$
0.33

 
$
(0.02
)
Income from discontinued operations per common share
0.07

 
0.07

 
1.30

 
0.15

Net income available to common stockholders per share
$
0.18

 
$
0.07

 
$
1.63

 
$
0.13


________________________ 
(1)
Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs.

The impact of the contingently issuable shares, which consist of the 4.25% Exchangeable Notes and stock options, were considered in our diluted earnings per share calculation for the three and nine months ended September 30, 2014 because we reported income from continuing operations attributable to common stockholders in the respective periods and the effect was dilutive. The impact of the contingently issuable shares were not considered in our diluted earnings per share calculation for the three and nine months ended September 30, 2013 because we reported a loss from continuing operations available to common stockholders in the respective periods and the effect was anti-dilutive.

The 2014 Performance-Based RSUs and our other nonvested market measure-based RSUs are not included in dilutive securities as of September 30, 2014 because they are not included until all the necessary performance conditions have been met. The impact of our nonvested market measure-based RSUs were not included in dilutive securities as of September 30, 2013 because they were not considered contingently issuable shares as not all the necessary performance conditions were met.