3. Per Share Data

Basic earnings per share is computed using net income attributable to common shareholders and the weighted average number of common shares outstanding. Diluted earnings per share reflect common shares issuable from the assumed conversion of common share options and share awards granted and units convertible into common shares. Only those items having a dilutive impact on our basic earnings per share are included in diluted earnings per share. Our unvested share-based awards are considered participating securities and are reflected in the calculation of basic and diluted earnings per share using the two-class method. The number of common share equivalent securities excluded from the diluted earnings per share calculation was approximately 1.9 million and 2.0 million for the three months ended June 30, 2015 and 2014, respectively, and was approximately 1.5 million and 2.1 million for the six months ended June 30, 2015 and 2014, respectively. These securities, which include common share options and share awards granted and units convertible into common shares, were excluded from the diluted earnings per share calculation as they are anti-dilutive.

The following table presents information necessary to calculate basic and diluted earnings per share for the periods indicated:



	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands, except per share amounts)	2015			2014			2015			2014
Earnings per common share calculation – basic
Net income attributable to common shareholders	$	36,079		$	35,272		$	151,678		$	75,308
Amount allocated to participating securities	(251		)	(300		)	(1,302		)	(653		)
Net income attributable to common shareholders – basic	$	35,828		$	34,972		$	150,376		$	74,655

Earnings per common share – basic	$	0.40		$	0.40		$	1.69		$	0.85

Weighted average number of common shares outstanding – basic	89,153			87,845			89,071			87,748

Earnings per common share calculation – diluted
Net income attributable to common shareholders – basic	$	35,828		$	34,972		$	150,376		$	74,655
Income allocated to common units	274			314			1,615			623
Net income attributable to common shareholders – diluted	$	36,102		$	35,286		$	151,991		$	75,278

Earnings per common share – diluted	$	0.40		$	0.40		$	1.68		$	0.85

Weighted average number of common shares outstanding – basic	89,153			87,845			89,071			87,748
Incremental shares issuable from assumed conversion of:
Common share options and share awards granted	288			314			339			338
Common units	811			813			1,086			813
Weighted average number of common shares outstanding – diluted	90,252			88,972			90,496			88,899