Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

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   June 30,						Six Months Ended   June 30,
	2015			2014			2015			2014
Numerator:
Continuing Operations:
Income from continuing operations	$	29,623		$	31,803		$	56,323		$	54,930
Gain on sale of property	8,163			1,748			30,685			1,911
Net income attributable to noncontrolling interests	(1,757		)	(1,561		)	(3,332		)	(3,118		)
Dividends on preferred shares	(1,120		)	(2,710		)	(3,830		)	(5,420		)
Redemption costs of preferred shares	(9,687		)	—			(9,687		)	—
Income from continuing operations attributable to common shareholders – basic and diluted	$	25,222		$	29,280		$	70,159		$	48,303
Discontinued Operations:
Income from discontinued operations	$	—		$	3,433		$	—		$	44,924
Net (income) loss attributable to noncontrolling interests	—			(27		)	—			52
Income from discontinued operations attributable to common shareholders – basic and diluted	$	—		$	3,406		$	—		$	44,976
Net Income:
Net income attributable to common shareholders – basic and diluted	$	25,222		$	32,686		$	70,159		$	93,279
Denominator:
Weighted average shares outstanding – basic	123,298			121,497			122,715			121,449
Effect of dilutive securities:
Share options and awards	1,252			1,337			1,344			1,292
Weighted average shares outstanding – diluted	124,550			122,834			124,059			122,741

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   June 30,		Six Months Ended   June 30,
	2015	2014	2015	2014
Share options (1)	899	1,924	897	1,924
Operating partnership units	1,480	1,499	1,483	1,499
Total anti-dilutive securities	2,379	3,423	2,380	3,423

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