Earnings Per Share

3 Months Ended

Mar. 31, 2019

Earnings per common share – basic is computed using net income attributable to common shareholders and the weighted average number of shares outstanding – basic. Earnings per common share – diluted includes the effect of potentially dilutive securities. Earnings per common share – basic and diluted components for the periods indicated are as follows (in thousands):



	Three Months Ended March 31,
	2019			2018
Numerator:
Net income	$	51,254		$	148,969
Net income attributable to noncontrolling interests	(1,588		)	(2,145		)
Net income attributable to common shareholders - basic	49,666			146,824
Income attributable to operating partnership units	—			528
Net income attributable to common shareholders - diluted	$	49,666		$	147,352
Denominator:
Weighted average shares outstanding – basic	127,756			127,926
Effect of dilutive securities:
Share options and awards	834			781
Operating partnership units	—			1,432
Weighted average shares outstanding – diluted	128,590			130,139

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,
	2019	2018
Operating partnership units	1,432	—