Net Income Per Common Share

6 Months Ended

Jun. 30, 2014

Net Income Per Common Share

Net Income Per Common Share

16.   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		Six months ended
	June 30,		June 30,
	2014	2013	2014	2013
Weighted average shares used for the basic net income
per share computation	220,979,955	195,574,014	214,039,692	183,714,191
Incremental shares from share-based compensation	63,664	185,077	49,937	159,456
Weighted average partnership common units convertible
to common shares that were dilutive	317,022	317,022	317,022	280,240
Weighted average shares used for diluted net
income per share computation	221,360,641	196,076,113	214,406,651	184,153,887
Unvested shares from share-based compensation that
were anti-dilutive	59,149	16,600	59,569	16,600
Weighted average partnership common units convertible
to common shares that were anti-dilutive	529,161	23,497	531,839	11,813