XML 48 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
EPS (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The table below presents the calculation of basic and diluted EPS:

 
Three Months Ended September 30,

Nine Months Ended September 30,
 
2017

2016

2017

2016
Numerator (in thousands):
 

 
 

 
 

 
 

Net income attributable to common stockholders
$
25,614

 
$
31,848

 
$
64,907

 
$
65,696

Allocation to participating securities: Unvested LTIP Units
(158
)
 
(180
)
 
(345
)
 
(365
)
Numerator for basic and diluted net income attributable to common stock holders
$
25,456

 
$
31,668

 
$
64,562

 
$
65,331

 
 
 
 
 
 
 
 
Denominator (in thousands):
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding - basic
165,471

 
150,753

 
158,000

 
148,578

Effect of dilutive securities: Stock options(1)
49

 
2,666

 
419

 
4,241

Weighted average shares of common stock and common stock equivalents outstanding - diluted
165,520

 
153,419

 
158,419

 
152,819

 
 
 
 
 
 
 
 
Basic EPS:
 
 
 

 
 
 
 
Net income attributable to common stockholders per share
$
0.154

 
$
0.210

 
$
0.409

 
$
0.440

 
 
 
 
 
 
 
 
Diluted EPS:
 

 
 

 
 
 
 
Net income attributable to common stockholders per share
$
0.154

 
$
0.206

 
$
0.408

 
$
0.428


____________________________________________________
(1)
The following securities (in thousands) were excluded from the computation of the weighted average shares of common stock and common stock equivalents outstanding - diluted because the effect of including them would be anti-dilutive to the calculation of diluted EPS:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
OP Units
24,790

 
24,788

 
24,750

 
25,148

Vested LTIP Units
8

 
675

 
358

 
766