XML 31 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Net Income per Common Share
3 Months Ended
Mar. 31, 2018
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, 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

 

 

 

            March 31,

 

 

 

2018

 

2017

 

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

 

283,917,418

 

263,340,491

 

Incremental shares from share-based compensation

 

110,888

 

276,791

 

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

 

317,022

 

317,022

 

 

 

 

 

 

 

Weighted average shares used for diluted net income per share computation

 

284,345,328

 

263,934,304

 

 

 

 

 

 

 

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

 

24,329

 

58,887

 

 

 

 

 

 

 

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

 

54,227

 

88,182