Three Months Ended

September 30,

Nine months Ended

September 30,

2019

2018

2019

2018

Computation of Basic and Diluted Earnings Per Share:

Net income available to the Company's common shareholders

$

59,048

$

85,624

$

247,176

$

365,977

Change in estimated redemption value of redeemable noncontrolling interests

-

(3,918

)

-

(3,918

)

Earnings attributable to participating securities

(654

)

(604

)

(1,939

)

(1,818

)

Net income available to the Company’s common shareholders for basic earnings per share

58,394

81,102

245,237

360,241

Distributions on convertible units

-

20

683

Net income available to the Company’s common shareholders for diluted earnings per share

$

58,394

$

81,102

$

245,257

$

360,924

Weighted average common shares outstanding – basic

419,823

419,230

419,663

421,106

Effect of dilutive securities (1):

Equity awards

1,120

534

1,273

515

Assumed conversion of convertible units

59

-

50

822

Weighted average common shares outstanding – diluted

421,002

419,764

420,986

422,443

Net income available to the Company's common shareholders:

Basic earnings per share

$

0.14

$

0.19

$

0.58

$

0.86

Diluted earnings per share

$

0.14

$

0.19

$

0.58

$

0.85