The following tables detail the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):

	Three-month periods ended March 31,
	2019						2018
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	4,066		$	4,066		$	44,705		$	44,705
Net income attributable to noncontrolling interests		(57	)		(57	)		(376	)		(376	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(119	)		(119	)		(114	)		(114	)
Net income attributable to common shareholders	$	3,890		$	3,890		$	44,215		$	44,215
Denominator
Weighted-average shares outstanding		175,857,358			175,857,358			178,395,525			178,395,525
Contingent securities/Share based compensation		-			606,860			-			1,392,786
Weighted-average shares outstanding		175,857,358			176,464,218			178,395,525			179,788,311
Earnings per Common Share:
Net income attributable to common shareholders	$	0.02		$	0.02		$	0.25		$	0.25

Redeemable common limited partnership units totaling 982,871 at March 31, 2019 and 1,479,799 at March 31, 2018, were excluded from the diluted earnings per share computations because they are not dilutive.

Unvested restricted shares are considered participating securities which require the use of the two-class method for the computation of basic and diluted earnings per share. For the three-month periods ended March 31, 2019 and 2018, earnings representing nonforfeitable dividends as noted in the table above were allocated to the unvested restricted shares issued to the Company’s executives and other employees under the Company's shareholder-approved long-term incentive plan.

On February 21, 2019, the Parent Company declared a distribution of $0.19 per common share, totaling $33.7 million, which was paid on April 18, 2019 to shareholders of record as of April 4, 2019.

The Parent Company maintains a common share repurchase program under which the Board of Trustees has authorized the Parent Company to repurchase common shares. On January 3, 2019, the Board of Trustees authorized the repurchase of up to $150.0 million common shares from and after January 3, 2019. During the three months ended March 31, 2019, the Company repurchased and retired 1,337,169 common shares at an average price of $12.92 per share, totaling $17.3 million.