Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

A 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 months ended March 31, 2016 and 2015:

	Three months ended March 31,
	2016		2015
BASIC
Income from continuing operations attributable to common shareholders	$	48,107	$	30,142
Income from discontinued operations attributable to common shareholders	—		1,687
Net income attributable to common shareholders	$	48,107	$	31,829
Weighted-average number of common shares outstanding	232,642,803		232,525,675
Income per common share:
Income from continuing operations	$	0.21	$	0.13
Income from discontinued operations	—		0.01
Net income attributable to common shareholders	$	0.21	$	0.14
DILUTED
Income from continuing operations attributable to common shareholders - basic	$	48,107	$	30,142
Impact of assumed conversions	1,058		—
Income from continuing operations attributable to common shareholders	49,165		30,142
Income from discontinued operations attributable to common shareholders - basic	—		1,687
Impact of assumed conversions	—		—
Income from discontinued operations attributable to common shareholders	—		1,687
Net income attributable to common shareholders	$	49,165	$	31,829
Weighted-average common shares outstanding - basic	232,642,803		232,525,675
Effect of dilutive securities:
Share options	132,191		431,590
6.00% Convertible Guaranteed Notes	1,941,237		—
Nonvested common shares	348,748		—
OP Units	3,820,192		—
Weighted-average common shares outstanding	238,885,171		232,957,265
Income per common share:
Income from continuing operations	$	0.21	$	0.13
Income from discontinued operations	—		0.01
Net income attributable to common shareholders	$	0.21	$	0.14

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.