Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Computation of Basic and Diluted Net Income Per Share

For the three and nine months ended September 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						Nine months ended
	September 30,						September 30,
	2015			2014			2015			2014
Net income available to common shareholders (numerator):
Net income	$	20,190		$	156,435		$	59,826		$	218,679
Noncontrolling interests - consolidated real estate entities		—			(22,416	)		—			(22,554	)
Noncontrolling interests - Operating Partnership		(43	)		(313	)		(126	)		(464	)
Preferred stock dividends		(922	)		(922	)		(2,766	)		(2,766	)
Unvested restricted stock (allocation of earnings)		(47	)		(314	)		(133	)		(435	)
Net income available to common shareholders, adjusted	$	19,178		$	132,470		$	56,801		$	192,460
Common shares (denominator):
Weighted average shares outstanding - basic		54,326			54,301			54,409			54,233
Dilutive shares from stock options		16			72			16			103
Weighted average shares outstanding - diluted		54,342			54,373			54,425			54,336
Per-share amount:
Basic	$	0.35		$	2.44		$	1.04		$	3.55
Diluted	$	0.35		$	2.44		$	1.04		$	3.54

Post Apartment Homes, L.P. [Member]

Schedule of Computation of Basic and Diluted Net Income Per Share

For the three and nine months ended September 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						Nine months ended
	September 30,						September 30,
	2015			2014			2015			2014
Net income available to common unitholders (numerator):
Net income	$	20,190		$	156,435		$	59,826		$	218,679
Noncontrolling interests - consolidated real estate entities		—			(22,416	)		—			(22,554	)
Preferred unit distributions		(922	)		(922	)		(2,766	)		(2,766	)
Unvested restricted stock (allocation of earnings)		(47	)		(314	)		(133	)		(435	)
Net income available to common unitholders, adjusted	$	19,221		$	132,783		$	56,927		$	192,924
Common units (denominator):
Weighted average units outstanding - basic		54,447			54,431			54,530			54,366
Dilutive units from stock options		16			72			16			103
Weighted average units outstanding - diluted		54,463			54,503			54,546			54,469
Per-unit amount:
Basic	$	0.35		$	2.44		$	1.04		$	3.55
Diluted	$	0.35		$	2.44		$	1.04		$	3.54