Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

Components of Earnings Per Common Share - Basic and Diluted

Earnings per common share – basic and diluted components for the periods indicated are as follows (in thousands):



	Three Months Ended March 31,
	2015			2014
Numerator:
Continuing Operations:
Income from continuing operations	$	26,700		$	23,127
Gain on sale of property	22,522			163
Net income attributable to noncontrolling interests	(1,575		)	(1,557		)
Dividends on preferred shares	(2,710		)	(2,710		)
Income from continuing operations attributable to common shareholders – basic	44,937			19,023
Income attributable to operating partnership units	481			—
Income from continuing operations attributable to common shareholders – diluted	$	45,418		$	19,023
Discontinued Operations:
Income from discontinued operations	$	—		$	41,491
Net loss attributable to noncontrolling interests	—			79
Income from discontinued operations attributable to common shareholders – basic and diluted	$	—		$	41,570
Net Income:
Net income attributable to common shareholders – basic	$	44,937		$	60,593
Net income attributable to common shareholders – diluted	$	45,418		$	60,593
Denominator:
Weighted average shares outstanding – basic	122,126			121,401
Effect of dilutive securities:
Share options and awards	1,430			1,244
Operating partnership units	1,487			—
Weighted average shares outstanding – diluted	125,043			122,645

Schedule Of Anti-Dilutive Securities Of Common Shares

Anti-dilutive securities of our common shares, which are excluded from the calculation of earnings per common share – diluted, are as follows (in thousands):



	Three Months Ended March 31,
	2015	2014
Share options ⁽¹⁾	897	1,924
Operating partnership units	—	1,500
Total anti-dilutive securities	897	3,424

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(1)	Exclusion results as exercise prices were greater than the average market price for each respective period.