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Earnings Per Share
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2019 and 2018 (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Earnings per Common Share - basic:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
      Net income
$
20,692

 
$
19,859

 
$
34,115

 
$
58,014

Net income attributable to noncontrolling interests in
CPLP from continuing operations
(241
)
 
(326
)
 
(564
)
 
(1,023
)
      Net income attributable to other noncontrolling interests
(77
)
 
(48
)
 
(245
)
 
(187
)
Net income available to common stockholders
$
20,374

 
$
19,485

 
$
33,306

 
$
56,804

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares - basic
146,762

 
105,096

 
121,758

 
105,069

Net income per common share - basic
$
0.14

 
$
0.19

 
$
0.27

 
$
0.54

 
 
 
 
 
 
 
 
Earnings per common share - diluted:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
      Net income
$
20,692

 
$
19,859

 
$
34,115


$
58,014

Net income attributable to other noncontrolling interests
(77
)
 
(48
)
 
(245
)
 
(187
)
Net income available for common stockholders before net income attributable to noncontrolling interests in CPLP
$
20,615

 
$
19,811

 
$
33,870

 
$
57,827

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares - basic
146,762

 
105,096

 
121,758

 
105,069

     Add:
 
 
 
 
 
 
 
Potential dilutive common shares - stock options
24

 
40

 
27

 
54

Weighted average units of CPLP convertible into
    common shares
1,744

 
1,744

 
1,744

 
1,744

Weighted average common shares - diluted
148,530

 
106,880

 
123,529

 
106,867

Net income per common share - diluted
$
0.14

 
$
0.19

 
$
0.27


$
0.54

 
 
 
 
 
 
 
 
Anti-dilutive stock options outstanding

 

 

 
2



For the nine months ended September 30, 2018, anti-dilutive stock represents 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.