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Earnings per Common Share
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings per Common Share
Earnings per Common Share
Earnings per share for the three months ended March 31, 2017 and 2016 is computed as follows: 
 
Three Months Ended 
 March 31,
$ and share amounts in thousands
2017
 
2016
Numerator (Income)
 
 
 
Basic Earnings:
 
 
 
Net income (loss) available to common stockholders
87,130

 
(156,160
)
Effect of dilutive securities:
 
 
 
Income allocated to exchangeable senior notes
5,008

 

Income (loss) allocated to non-controlling interest
1,186

 
(1,883
)
Dilutive net income (loss) available to stockholders
93,324

 
(158,043
)
Denominator (Weighted Average Shares)
 
 
 
Basic Earnings:
 
 
 
Shares available to common stockholders
111,598

 
113,142

Effect of dilutive securities:
 
 

Restricted stock awards
19

 

OP units
1,425

 
1,425

Exchangeable senior notes
15,083

 

Dilutive Shares
128,125

 
114,567


The following potential common shares were excluded from diluted earnings per share for the three months ended March 31, 2016 as the effect would be anti-dilutive: 16,835,720 for the exchangeable senior notes and 42,344 for restricted stock awards.