Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

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,
	2019			2018			2019			2018
Numerator:
Net income	$	108,509		$	53,274		$	245,283		$	282,114
Net income attributable to noncontrolling interests	(1,767		)	(10,293		)	(5,066		)	(14,020		)
Net income attributable to common shareholders - basic	106,742			42,981			240,217			268,094
Income attributable to operating partnership units	528			—			1,584			1,584
Net income attributable to common shareholders - diluted	$	107,270		$	42,981		$	241,801		$	269,678
Denominator:
Weighted average shares outstanding – basic	127,870			127,525			127,828			127,651
Effect of dilutive securities:
Share options and awards	835			792			839			809
Operating partnership units	1,432			—			1,432			1,432
Weighted average shares outstanding – diluted	130,137			128,317			130,099			129,892

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,
	2019	2018	2019	2018
Operating partnership units	—	1,432	—	—
Total anti-dilutive securities	—	1,432	—	—