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Net Income per Common Share
9 Months Ended
Sep. 30, 2017
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, 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

 

Nine months ended

 

 

 

September 30,

 

September 30,

 

 

 

2017

 

2016

 

2017

 

2016

 

Weighted average shares used for the basic net income per share computation

 

275,511,870

 

258,085,633

 

270,584,365

 

253,953,149

 

Incremental shares from share-based compensation

 

221,779

 

271,259

 

224,727

 

270,152

 

Weighted average partnership common units convertible to common shares that were dilutive

 

317,022

 

317,022

 

317,022

 

317,022

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used for diluted net income per share computation

 

276,050,671

 

258,673,914

 

271,126,114

 

254,540,323

 

 

 

 

 

 

 

 

 

 

 

Unvested shares from share-based compensation that were anti-dilutive

 

15,798

 

224

 

17,719

 

231

 

 

 

 

 

 

 

 

 

 

 

Weighted average partnership common units convertible to common shares that were anti-dilutive

 

88,182

 

97,312

 

88,182

 

235,446