XML 40 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Share
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table sets forth the computation of the basic and diluted earnings per share of the Company's consolidated statements of operations for the years ended December 31, 2018, 2017 and 2016 (in thousands, except per share amounts): 
 
Year Ended December 31
 
 
2018
 
2017
 
2016
Earnings per common share - basic:
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
      Income from continuing operations
 
$
80,765

 
$
219,959

 
$
60,941

Net income attributable to noncontrolling interests in CPLP from continuing operations
 
(1,345
)
 
(3,681
)
 
(784
)
Net income attributable to other noncontrolling interests from continuing operations
 
(256
)
 
(3
)
 
(211
)
          Income from continuing operations available for common stockholders
 
79,164

 
216,275

 
59,946

Income from discontinued operations
 
—

 
—

 
19,163

          Net income available for common stockholders
 
$
79,164

 
$
216,275

 
$
79,109

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted average common shares - basic
 
420,305

 
415,610

 
253,895

Earnings per common share - basic:
 
 
 
 
 
 
Income from continuing operations available for common stockholders
 
$
0.19

 
$
0.52

 
$
0.24

Income from discontinued operations available for common stockholders
 
—

 
—

 
0.07

          Net income available for common stockholders
 
$
0.19

 
$
0.52

 
$
0.31

 
 
 
 
 
 
 
Earnings per common share - diluted:
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
      Income from continuing operations
 
$
80,765

 
$
219,959

 
$
60,941

Net income attributable to other noncontrolling interests from continuing operations
 
(256
)
 
(3
)
 
(211
)
Income from continuing operations available for common stockholders
 
80,509

 
219,956

 
60,730

      Income from discontinued operations available for common stockholders
 
—

 
—

 
19,163

Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP
 
$
80,509

 
$
219,956

 
$
79,893

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted average common shares - basic
 
420,305

 
415,610

 
253,895

     Add:
 
 
 
 
 
 
Potential dilutive common shares - stock options
 
194

 
312

 
178

Weighted average units of CPLP convertible into common shares
 
6,974

 
7,375

 
1,950

Weighted average common shares - diluted
 
427,473

 
423,297

 
256,023

Earnings per common share - diluted:
 
 
 
 
 
 
Income from continuing operations available for common stockholders
 
$
0.19

 
$
0.52

 
$
0.24

Income from discontinued operations available for common stockholders
 
—

 
—

 
0.07

          Net income available for common stockholders
 
$
0.19

 
$
0.52

 
$
0.31


Anti-dilutive stock options represent stock options whose exercise price exceeds the average market value of the Company’s stock. These anti-dilutive stock options are not included in the current calculation of dilutive weighted average shares, but could be dilutive in the future. As of December 31, 2017 and 2016, the number of anti-dilutive stock options was 24,000 and 762,000, respectively. There were no anti-dilutive stock options outstanding as of December 31, 2018.