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 years ended December 31, 2016, 2015 and 2014:



	Year Ended December 31,
	2016			2015			2014
	(in thousands, except unit and per unit amounts)
Numerator:
Income from continuing operations	$	303,798		$	238,604		$	59,313
Income from continuing operations attributable to noncontrolling interests	(10,010		)	(4,523		)	(966		)
Preferred dividends and distributions	(13,250		)	(13,250		)	(13,250		)
Allocation to participating securities ⁽¹⁾	(3,839		)	(1,634		)	(1,699		)
Numerator for basic and diluted income from continuing operations available to common stockholders	276,699			219,197			43,398
Income from discontinued operations ⁽²⁾	—			—			124,495
Income from discontinued operations attributable to noncontrolling common units of the Operating Partnership ⁽²⁾	—			—			(2,623		)
Numerator for basic and diluted net income available to common stockholders	$	276,699		$	219,197		$	165,270
Denominator:
Basic weighted average vested shares outstanding	92,342,483			89,854,096			83,090,235
Effect of dilutive securities – contingently issuable shares and stock options	680,551			541,679			1,877,485
Diluted weighted average vested shares and common stock equivalents outstanding	93,023,034			90,395,775			84,967,720
Basic earnings per share:
Income from continuing operations available to common stockholders per share	$	3.00		$	2.44		$	0.52
Income from discontinued operations per share of common stock ⁽²⁾	—			—			1.47
Net income available to common stockholders per share	$	3.00		$	2.44		$	1.99
Diluted earnings per share:
Income from continuing operations available to common stockholders per share	$	2.97		$	2.42		$	0.51
Income from discontinued operations per share of common stock ⁽²⁾	—			—			1.44
Net income available to common stockholders per share	$	2.97		$	2.42		$	1.95

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(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 2 “Basis of Presentation and Significant Accounting Policies” for additional information). 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.