Net Income per Common Share

6 Months Ended

Jun. 30, 2020

Basic net income per common share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted net income per common share is computed by dividing net income available to common stockholders, plus income attributable to dilutive shares and convertible common units, for the period by the weighted average number of common shares that would have been outstanding assuming the issuance of common shares for all potentially dilutive common shares outstanding during the reporting period.

The following is a reconciliation of the denominator of the basic net income per common share computation to the denominator of the diluted net income per common share computation:


	Three months ended June 30,			Six months ended June 30,
	2020	2019	2020	2019
Weighted average shares used for the basic net income per share computation	343,515,406	311,032,972	340,061,487	307,293,949
Incremental shares from share-based compensation	169,853	289,190	219,778	286,178
Weighted average shares used for diluted net income per share computation	343,685,259	311,322,162	340,281,265	307,580,127
Unvested shares from share based compensation that were anti-dilutive	122,222	25,171	65,623	29,069
Weighted average partnership common units convertible to common shares that were anti-dilutive	463,119	463,119	463,119	420,679