Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2016

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,
	2016			2015			2016			2015
Numerator:
Income from continuing operations	$	36,618		$	29,623		$	100,128		$	56,323
Gain on sale of property	1,033			8,163			46,190			30,685
Net income attributable to noncontrolling interests	(1,835		)	(1,757		)	(3,428		)	(3,332		)
Dividends on preferred shares	—			(1,120		)	—			(3,830		)
Redemption costs of preferred shares	—			(9,687		)	—			(9,687		)
Net income attributable to common shareholders - basic	35,816			25,222			142,890			70,159
Income attributable to operating partnership units	—			—			998			—
Net income attributable to common shareholders - diluted	$	35,816		$	25,222		$	143,888		$	70,159
Denominator:
Weighted average shares outstanding – basic	125,791			123,298			124,692			122,715
Effect of dilutive securities:
Share options and awards	1,053			1,252			1,136			1,344
Operating partnership units	—			—			1,462			—
Weighted average shares outstanding – diluted	126,844			124,550			127,290			124,059

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,
	2016	2015	2016	2015
Share options ⁽¹⁾	462	899	462	897
Operating partnership units	1,462	1,480	—	1,483
Total anti-dilutive securities	1,924	2,379	462	2,380

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