| 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 |
|
|