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Net Income Available to Common Stockholders Per Share of the Company
 9 Months Ended
Sep. 30, 2015
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, 2015 and 2014:

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
 
(in thousands, except share and per share amounts)
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
106,704

 
$
13,168

 
$
209,296

 
$
39,896

Income from continuing operations attributable to noncontrolling common units of the Operating Partnership
(1,945
)
 
(193
)
 
(3,850
)
 
(635
)
Preferred dividends
(3,313
)
 
(3,313
)
 
(9,938
)
 
(9,938
)
Allocation to participating securities (1)
(367
)
 
(432
)
 
(1,200
)
 
(1,285
)
Numerator for basic and diluted income from continuing operations available to common stockholders
101,079

 
9,230

 
194,308

 
28,038

Income from discontinued operations (2)
—

 
6,135

 
—

 
112,482

Income from discontinued operations attributable to noncontrolling common units of the Operating Partnership (2)
—

 
(128
)
 
—

 
(2,376
)
Numerator for basic and diluted net income available to common stockholders
$
101,079

 
$
15,237

 
$
194,308

 
$
138,144

Denominator:
 
 
 
 
 
 
 
Basic weighted average vested shares outstanding
92,150,341

 
83,161,323

 
89,077,012

 
82,525,033

Effect of dilutive securities
488,724

 
1,949,133

 
516,249

 
2,097,589

Diluted weighted average vested shares and common share equivalents outstanding
92,639,065

 
85,110,456

 
89,593,261

 
84,622,622

Basic earnings per share:
 
 
 
 
 
 
 
Income from continuing operations available to common stockholders per share
$
1.10

 
$
0.11

 
$
2.18

 
$
0.34

Income from discontinued operations per common share (2)
—

 
0.07

 
—

 
1.33

Net income available to common stockholders per share
$
1.10

 
$
0.18

 
$
2.18

 
$
1.67

Diluted earnings per share:
 
 
 
 
 
 
 
Income from continuing operations available to common stockholders per share
$
1.09

 
$
0.11

 
$
2.17

 
$
0.33

Income from discontinued operations per common share (2)
—

 
0.07

 
—

 
1.30

Net income available to common stockholders per share
$
1.09

 
$
0.18

 
$
2.17

 
$
1.63


________________________ 
(1)
Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs.
(2)
The Company adopted ASU 2014-08 effective January 1, 2015 (see Note 1). As a result, properties classified as held for sale and/or disposed of subsequent to January 1, 2015 that do not represent a strategic shift are no longer presented as discontinued operations.

Share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are considered participating securities. The impact of potentially dilutive common shares, including stock options, RSUs and other securities are considered in our diluted earnings per share calculation for the three and nine months ended September 30, 2015 and 2014, because we reported income from continuing operations attributable to common stockholders in the respective periods and the effect was dilutive. Certain market measure-based RSUs are not included in dilutive securities for the three and nine months ended September 30, 2015 and 2014 as not all performance metrics had been met by the end of the applicable reporting periods.

See Note 10 “Share-Based Compensation” for additional information regarding stock options and other share-based compensation.