Earnings Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share

6. COMPANY EARNINGS PER SHARE

In 2015, 2014 and 2013, a reconciliation of the numerator and denominator used in the computation of basic and diluted income from continuing operations available to common shareholders of the Company was as follows:

	Year ended December 31,
	2015			2014			2013
Net income from continuing operations available to    common shareholders (numerator):
Income from continuing operations	$	80,793		$	238,183		$	81,122
Noncontrolling interests - consolidated real estate entities		—			(22,554	)		(107	)
Noncontrolling interests - Operating Partnership		(170	)		(509	)		(202	)
Preferred stock dividends		(3,688	)		(3,688	)		(3,688	)
Unvested restricted stock (allocation of earnings)		(182	)		(481	)		(170	)
Income from continuing operations available to    common shareholders, adjusted	$	76,753		$	210,951		$	76,955
Common shares (denominator):
Weighted average shares outstanding - basic		54,290			54,262			54,336
Dilutive shares from stock options		16			91			172
Weighted average shares outstanding - diluted		54,306			54,353			54,508
Per-share amount:
Basic	$	1.41		$	3.89		$	1.42
Diluted	$	1.41		$	3.88		$	1.41

Stock options to purchase 28, 60 and 186 shares of common stock in 2015, 2014 and 2013, respectively, were excluded from the computation of diluted earnings per common share as these stock options were antidilutive.

Post Apartment Homes, L.P. [Member]

Earnings Per Share

7. OPERATING PARTNERSHIP EARNINGS PER UNIT

In 2015, 2014 and 2013, a reconciliation of the numerator and denominator used in the computation of basic and diluted income from continuing operations available to common unitholders of the Operating Partnership was as follows:

	Year ended December 31,
	2015			2014			2013
Net income from continuing operations available to    common unitholders (numerator):
Income from continuing operations	$	80,793		$	238,183		$	81,122
Noncontrolling interests - consolidated real estate entities		—			(22,554	)		(107	)
Preferred unit distributions		(3,688	)		(3,688	)		(3,688	)
Unvested restricted stock (allocation of earnings)		(182	)		(481	)		(170	)
Income from continuing operations available to    common unitholders, adjusted	$	76,923		$	211,460		$	77,157
Common units (denominator):
Weighted average units outstanding - basic		54,411			54,392			54,478
Dilutive units from stock options		16			91			172
Weighted average units outstanding - diluted		54,427			54,483			54,650
Per-unit amount:
Basic	$	1.41		$	3.89		$	1.42
Diluted	$	1.41		$	3.88		$	1.41

Stock options to purchase 28, 60 and 186 shares of common stock in 2015, 2014 and 2013, respectively, were excluded from the computation of diluted earnings per common unit as these stock options were antidilutive.