EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

NOTE 15—EARNINGS PER SHARE

The following table shows the amounts used in computing our basic and diluted earnings per share:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2019		2018		2019		2018
	(In thousands, except per share amounts)
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	86,918	$	103,281	$	426,404	$	352,689
Discontinued operations	—		—		—		(10		)
Net income	86,918		103,281		426,404		352,679
Net income attributable to noncontrolling interests	1,659		1,309		4,831		5,485
Net income attributable to common stockholders	$	85,259	$	101,972	$	421,573	$	347,194
Denominator:
Denominator for basic earnings per share—weighted average shares	372,426		356,318		363,724		356,224
Effect of dilutive securities:
Stock options	640		227		445		152
Restricted stock awards	567		396		492		271
OP unitholder interests	2,992		2,414		2,996		2,421
Denominator for diluted earnings per share—adjusted weighted average shares	376,625		359,355		367,657		359,068
Basic earnings per share:
Income from continuing operations	$	0.23	$	0.29	$	1.17	$	0.99
Net income attributable to common stockholders	0.23		0.29		1.16		0.97
Diluted earnings per share:
Income from continuing operations	$	0.23	$	0.29	$	1.16	$	0.98
Net income attributable to common stockholders	0.23		0.28		1.15		0.97
Dividends declared per common share	$	0.7925	$	0.79	$	2.3775	$	2.37