Net Income Per Common Share

3 Months Ended

Mar. 31, 2014

Net Income Per Common Share

Net Income Per Common Share

15.   Net Income Per Common Share

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 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 securities 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. The numerator has been adjusted for income allocated to convertible common units determined to be dilutive.

		Three Months Ended
		March 31,
	2014		2013
Weighted average shares used for the basic net income per share computation	207,003,950		171,659,191
Incremental shares from share-based compensation	3,391		151,639
Weighted average partnership common units convertible to common shares that were dilutive	317,022		243,050
Weighted average shares used for diluted net income per share computation	207,324,363		172,053,880
Unvested shares from share-based compensation that were anti-dilutive	194,933		42,929
Weighted average partnership common units convertible to common shares that were anti-dilutive	534,546		-