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EARNINGS PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share from Continuing Operations
The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the periods indicated:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(dollars in thousands, except per share amounts)
2016
 
2015
 
2016
 
2015
Numerator
 
 
 
 
 
 
 
Net income attributable to Common Shareholders
$
17,918

 
$
26,495

 
$
46,843

 
$
43,042

Less: net income attributable to participating securities
(223
)
 
(377
)
 
(589
)
 
(615
)
Net income attributable to Common Shareholders, net of income attributable to participating securities
17,695

 
26,118

 
46,254

 
42,427

 
 
 
 
 
 
 
 
Denominator
 

 
 

 
 
 
 
Weighted average shares for basic earnings per share
72,896

 
68,825

 
71,826

 
68,561

Effect of dilutive securities:
 

 
 

 
 
 
 

Employee Restricted Share Units and share options

 
19

 

 
30

Convertible Preferred OP Units

 
25

 
25

 
25

Denominator for diluted earnings per share
72,896

 
68,869

 
71,851

 
68,616

 
 
 
 
 
 
 
 
Basic and diluted earnings per Common Share attributable to Common Shareholders
$
0.24

 
$
0.38

 
$
0.64

 
$
0.62