Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

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,
	2017			2016			2017			2016
Numerator:
Income from continuing operations	$	35,894		$	39,229		$	93,496		$	139,357
Gain on sale of property	38,579			22,108			86,566			68,298
Net income attributable to noncontrolling interests	(1,844		)	(9,436		)	(12,755		)	(12,864		)
Net income attributable to common shareholders - basic	72,629			51,901			167,307			194,791
Income attributable to operating partnership units	515			499			1,567			1,497
Net income attributable to common shareholders - diluted	$	73,144		$	52,400		$	168,874		$	196,288
Denominator:
Weighted average shares outstanding – basic	127,801			127,304			127,734			125,569
Effect of dilutive securities:
Share options and awards	844			1,022			877			1,100
Operating partnership units	1,432			1,462			1,450			1,462
Weighted average shares outstanding – diluted	130,077			129,788			130,061			128,131

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,
	2017	2016	2017	2016
Share options ⁽¹⁾	207	460	—	460

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