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 |
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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.
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