Basic and diluted net income per share was as follows (in thousands except per share amounts):

	For the year ended December 31,

	2013			2012			2011
Income from continuing operations	$	55,405		$	50,306		$	48,620
Less net income allocated to non-controlling interests		—			(37	)		(191	)
Less net income allocated to participating securities:
Non-forfeitable dividends on participating securities		(381	)		(377	)		(342	)
Income allocated to participating securities		(2	)		—			—


Total net income allocated to participating securities		(383	)		(377	)		(342	)
Less net income allocated to preferred stockholders:
Preferred stock dividends		(3,273	)		(3,273	)		(5,512	)
Preferred stock redemption charge		—			—			(3,566	)


Total net income allocated to preferred stockholders		(3,273	)		(3,273	)		(9,078	)


Income from continuing operations available to common stockholders		51,749			46,619			39,009
Discontinued operations:
Income from discontinued operations		805			1,005			823
Gain on sale of assets, net		1,605			16			—


Total net income from discontinued operations		2,410			1,021			823


Net income available to common stockholders		54,159			47,640			39,832
Effect of dilutive securities:
Convertible preferred securities		—			—			—


Total effect of dilutive securities		—			—			—


Net income for diluted net income per share	$	54,159		$	47,640		$	39,832




Shares for basic net income per share		33,111			30,238			29,194
Effect of dilutive securities:
Stock options		31			40			28
Convertible preferred securities		—			—			—


Total effect of dilutive securities		31			40			28


Shares for diluted net income per share		33,142			30,278			29,222




Basic net income per share	$	1.64		$	1.58		$	1.36




Diluted net income per share⁽¹⁾	$	1.63		$	1.57		$	1.36

⁽¹⁾: For each year, the Series C Cumulative Convertible Preferred Stock, the participating securities and the convertible non-controlling interests have been excluded from the computation of diluted net income per share as such inclusion would be anti-dilutive.