Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per common share for the years ended December 31, 2016, 2015 and 2014 (amounts in thousands, except per share data):



	Years Ended December 31,
	2016			2015			2014
Numerators:
Net Income Available for Common Stockholders:
Consolidated net income	$	187,132		$	150,512		$	138,468
Amounts allocated to dilutive securities	(13,869		)	(11,141		)	(10,463		)
Preferred Stock distributions	(9,226		)	(9,226		)	(9,274		)
Net income available to Common Stockholders – basic	164,037			130,145			118,731
Amounts allocated to dilutive securities	13,869			11,141			10,463
Net income available to Common Stockholders – fully diluted	$	177,906		$	141,286		$	129,194
Denominator:
Weighted average Common Stockholders outstanding—basic	84,778			84,031			83,362
Effect of dilutive securities:
Redemption of Common OP Units for Common Stockholders	7,204			7,216			7,411
Stock options and restricted Stockholders	587			660			738
Weighted average Common Stockholders outstanding—fully diluted	92,569			91,907			91,511

Earnings per Common Share—Basic:
Net income available for Common Stockholders	$	1.93		$	1.55		$	1.42

Earnings per Common Share—Fully Diluted:
Net income available for Common Stockholders	$	1.92		$	1.54		$	1.41