Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Computation of Basic and Diluted Net Income Per Share

For the three and six months ended June 30, 2015 and 2014, a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per share was as follows:

	Three months ended						Six months ended
	June 30,						June 30,
	2015			2014			2015			2014
Net income available to common shareholders (numerator):
Net income	$	19,651		$	47,991		$	39,636		$	62,244
Noncontrolling interests - consolidated real estate entities		—			(154	)		—			(138	)
Noncontrolling interests - Operating Partnership		(41	)		(118	)		(83	)		(151	)
Preferred stock dividends		(922	)		(922	)		(1,844	)		(1,844	)
Unvested restricted stock (allocation of earnings)		(46	)		(110	)		(86	)		(132	)
Net income available to common shareholders, adjusted	$	18,642		$	46,687		$	37,623		$	59,979
Common shares (denominator):
Weighted average shares outstanding - basic		54,455			54,223			54,452			54,199
Dilutive shares from stock options		14			112			15			115
Weighted average shares outstanding - diluted		54,469			54,335			54,467			54,314
Per-share amount:
Basic	$	0.34		$	0.86		$	0.69		$	1.11
Diluted	$	0.34		$	0.86		$	0.69		$	1.10

Post Apartment Homes, L.P. [Member]

Schedule of Computation of Basic and Diluted Net Income Per Share

For the three and six months ended June 30, 2015 and 2014, a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per unit was as follows:

	Three months ended						Six months ended
	June 30,						June 30,
	2015			2014			2015			2014
Net income available to common unitholders (numerator):
Net income	$	19,651		$	47,991		$	39,636		$	62,244
Noncontrolling interests - consolidated real estate entities		—			(154	)		—			(138	)
Preferred unit distributions		(922	)		(922	)		(1,844	)		(1,844	)
Unvested restricted stock (allocation of earnings)		(46	)		(110	)		(86	)		(132	)
Net income available to common unitholders, adjusted	$	18,683		$	46,805		$	37,706		$	60,130
Common units (denominator):
Weighted average units outstanding - basic		54,576			54,358			54,573			54,334
Dilutive units from stock options		14			112			15			115
Weighted average units outstanding - diluted		54,590			54,470			54,588			54,449
Per-unit amount:
Basic	$	0.34		$	0.86		$	0.69		$	1.11
Diluted	$	0.34		$	0.86		$	0.69		$	1.10