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Earnings per Common Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
Earnings per share for the years ended December 31, 2019, 2018 and 2017 is computed as follows:
In thousands except per share amounts
Years Ended December 31,
 
2019
 
2018
 
2017
Numerator (Income)
 
 
 
 
 
Basic Earnings:
 
 
 
 
 
Net income (loss) available to common stockholders
319,675

 
(115,216
)
 
320,527

Effect of dilutive securities:
 
 
 
 
 
Income allocated to exchangeable senior notes (1)

 

 
13,340

Income (loss) allocated to non-controlling interest (2)

 

 
4,450

Dilutive net income (loss) available to stockholders
319,675

 
(115,216
)
 
338,317

Denominator (Weighted Average Shares)
 
 
 
 
 
Basic Earnings:
 
 
 
 
 
Shares available to common stockholders
132,306

 
111,637

 
111,610

Effect of dilutive securities:
 
 
 
 
 
Restricted stock awards
12

 

 
20

Non-controlling interest OP Units (2)

 

 
1,425

Exchangeable senior notes (1)

 

 
9,986

Dilutive Shares
132,318

 
111,637

 
123,041

Earnings (loss) per share:
 
 
 
 
 
Net income (loss) attributable to common stockholders
 
 
 
 
 
Basic
2.42

 
(1.03
)
 
2.87

Diluted
2.42

 
(1.03
)
 
2.75


(1)
The Company repaid its exchangeable senior notes in March 2018.
(2)
The Company redeemed all OP Units of the non-controlling interest holder in November 2018 as discussed in Note 14 - "Non-Controlling Interest - Operating Partnership".