Earnings Per Common Share

12 Months Ended

Dec. 31, 2020

Basic and fully diluted earnings per share are based on the weighted average shares outstanding during each year. The following table sets forth the computation of basic and diluted earnings per share of common stock (Common Share), as adjusted for the stock split, for the years ended December 31, 2020, 2019, and 2018:


	Years Ended December 31,
(amounts in thousands, except per share data)	2020		2019		2018
Numerators:
Net income available to Common Stockholders—Basic	$	228,268	$	279,123	$	212,596
Amounts allocated to dilutive securities	13,132		16,783		13,774
Net income available to Common Stockholders—Fully Diluted	$	241,400	$	295,906	$	226,370
Denominator:
Weighted average Common Shares outstanding—Basic	181,828		180,805		177,928
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	10,484		10,934		11,586
Stock options and restricted stock	243		256		596
Weighted average Common Shares outstanding—Fully Diluted	192,555		191,995		190,110


Earnings per Common Share—Basic:	$	1.26	$	1.54	$	1.19

Earnings per Common Share—Fully Diluted:	$	1.25	$	1.54	$	1.19