13.	Earnings Per Share

The following table provides a reconciliation of net (loss) income from continuing operations and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts):

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2017			2016			2017			2016
Numerators – Basic and Diluted
(Loss) income from continuing operations	$	(14,721	)	$	27,647		$	(106,876	)	$	61,139
Plus: Gain on disposition of real estate		44,599			13,721			82,726			26,102
Plus: Income attributable to non-controlling interests		(267	)		(310	)		(480	)		(610	)
Less: Preferred dividends		(6,399	)		(5,594	)		(11,993	)		(11,188	)
Less: Earnings attributable to unvested shares and operating partnership units		(251	)		(204	)		(502	)		(414	)
Net income (loss) attributable to common shareholders after allocation to participating securities	$	22,961		$	35,260		$	(37,125	)	$	75,029
Denominators – Number of Shares
Basic—Average shares outstanding		366,987			364,976			366,710			364,834
Effect of dilutive securities—Stock options		43			342			—			346
Diluted—Average shares outstanding		367,030			365,318			366,710			365,180
Earnings (Loss) Per Share:
Basic	$	0.06		$	0.10		$	(0.10	)	$	0.21
Diluted	$	0.06		$	0.10		$	(0.10	)	$	0.21

Shares subject to issuance under the Company’s 2016 VSEP were not considered in the computation of diluted EPS for the three and six months ended June 30, 2017 and 2016, as the calculation was anti-dilutive.