Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Numerator:
Continuing Operations:
Income from continuing operations	$	31,956		$	32,703		$	88,279		$	87,633
Gain on sale of property	13,232			69,496			43,917			71,407
Net income attributable to noncontrolling interests	(1,787		)	(1,870		)	(5,119		)	(4,988		)
Dividends on preferred shares	—			(2,710		)	(3,830		)	(8,130		)
Redemption costs of preferred shares	—			—			(9,687		)	—
Income from continuing operations attributable to common shareholders – basic	43,401			97,619			113,560			145,922
Income attributable to operating partnership units	472			455			—			1,368
Income from continuing operations attributable to common shareholders – diluted	$	43,873		$	98,074		$	113,560		$	147,290
Discontinued Operations:
Income from discontinued operations	$	—		$	—		$	—		$	44,924
Net loss attributable to noncontrolling interests	—			—			—			52
Income from discontinued operations attributable to common shareholders – basic and diluted	$	—		$	—		$	—		$	44,976
Net Income:
Net income attributable to common shareholders – basic	$	43,401		$	97,619		$	113,560		$	190,898
Net income attributable to common shareholders – diluted	$	43,873		$	98,074		$	113,560		$	192,266
Denominator:
Weighted average shares outstanding – basic	123,349			121,560			122,929			121,487
Effect of dilutive securities:
Share options and awards	1,222			1,385			1,303			1,316
Operating partnership units	1,462			1,495			—			1,498
Weighted average shares outstanding – diluted	126,033			124,440			124,232			124,301

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 September 30,		Nine Months Ended September 30,
	2015	2014	2015	2014
Share options ⁽¹⁾	898	1,210	896	1,916
Operating partnership units	—	—	1,476	—
Total anti-dilutive securities	898	1,210	2,372	1,916

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