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Earnings Per Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
A significant portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company.
The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the three and six months ended June 30, 2015 and 2014:
 
Three months ended June 30,
 
Six months ended June 30,
 
2015
 
2014
 
2015
 
2014
BASIC
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders
$
47,659

 
$
16,158

 
$
77,818

 
$
15,179

Income (loss) from discontinued operations attributable to common shareholders
(5
)
 
(3,416
)
 
1,682

 
(3,275
)
Net income attributable to common shareholders
$
47,654

 
$
12,742

 
$
79,500

 
$
11,904

Weighted-average number of common shares outstanding
233,812,062

 
228,368,053

 
233,172,422

 
227,765,718

Income (loss) per common share:
 

 
 

 
 

 
 

Income from continuing operations
$
0.20

 
$
0.07

 
$
0.33

 
$
0.07

Income (loss) from discontinued operations
—

 
(0.02
)
 
0.01

 
(0.02
)
Net income attributable to common shareholders
$
0.20

 
$
0.05

 
$
0.34

 
$
0.05

 
 
 
 
 
 
 
 
DILUTED
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders - basic
$
47,659

 
$
16,158

 
$
77,818

 
$
15,179

Impact of assumed conversions
764

 
—

 
1,633

 
—

Income from continuing operations attributable to common shareholders
48,423

 
16,158

 
79,451

 
15,179

Income (loss) from discontinued operations attributable to common shareholders - basic
(5
)
 
(3,416
)
 
1,682

 
(3,275
)
Impact of assumed conversions
—

 
—

 
—

 
—

Income (loss) from discontinued operations attributable to common shareholders
(5
)
 
(3,416
)
 
1,682

 
(3,275
)
Net income attributable to common shareholders
$
48,418

 
$
12,742

 
$
81,133

 
$
11,904

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
233,812,062

 
228,368,053

 
233,172,422

 
227,765,718

Effect of dilutive securities:
 
 
 
 
 
 
 
Share options
296,501

 
483,131

 
369,079

 
509,890

6.00% Convertible Guaranteed Notes
1,941,833

 
—

 
2,165,367

 
—

Operating Partnership Units
3,852,974

 
—

 
3,852,974

 
—

Weighted-average common shares outstanding
239,903,370

 
228,851,184

 
239,559,842

 
228,275,608

 
 
 
 
 
 
 
 
Income (loss) per common share:
 
 
 
 
 
 
 
Income from continuing operations
$
0.20

 
$
0.07

 
$
0.33

 
$
0.07

Income (loss) from discontinued operations
—

 
(0.02
)
 
0.01

 
(0.02
)
Net income attributable to common shareholders
$
0.20

 
$
0.05

 
$
0.34

 
$
0.05


For per common share amounts, all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods.