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Earnings Per Share
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2016 and 2015:
 
Three months ended June 30,
 
Six months ended June 30,
 
2016
 
2015
 
2016
 
2015
BASIC
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders
$
46,830

 
$
47,659

 
$
94,937

 
$
77,818

Income (loss) from discontinued operations attributable to common shareholders
—

 
(5
)
 
—

 
1,682

Net income attributable to common shareholders
$
46,830

 
$
47,654

 
$
94,937

 
$
79,500

Weighted-average number of common shares outstanding - basic
232,592,998

 
233,812,062

 
232,617,901

 
233,172,422

Income per common share:
 

 
 

 
 

 
 

Income from continuing operations
$
0.20

 
$
0.20

 
$
0.41

 
$
0.33

Income (loss) from discontinued operations
—

 
—

 
—

 
0.01

Net income attributable to common shareholders
$
0.20

 
$
0.20

 
$
0.41

 
$
0.34

 
 
 
 
 
 
 
 
DILUTED
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders - basic
$
46,830

 
$
47,659

 
$
94,937

 
$
77,818

Impact of assumed conversions
963

 
764

 
2,023

 
1,633

Income from continuing operations attributable to common shareholders
47,793

 
48,423

 
96,960

 
79,451

Income (loss) from discontinued operations attributable to common shareholders - basic
—

 
(5
)
 
—

 
1,682

Impact of assumed conversions
—

 
—

 
—

 
—

Income (loss) from discontinued operations attributable to common shareholders
—

 
(5
)
 
—

 
1,682

Net income attributable to common shareholders
$
47,793

 
$
48,418

 
$
96,960

 
$
81,133

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
232,592,998

 
233,812,062

 
232,617,901

 
233,172,422

Effect of dilutive securities:
 
 
 
 
 
 
 
Share options
273,920

 
296,501

 
204,783

 
369,079

6.00% Convertible Guaranteed Notes
1,878,445

 
1,941,833

 
1,909,841

 
2,165,367

OP Units
3,818,805

 
3,852,974

 
3,819,498

 
3,852,974

Nonvested common shares
481,836

 
—

 
418,731

 
—

Weighted-average common shares outstanding - diluted
239,046,004

 
239,903,370

 
238,970,754

 
239,559,842

 
 
 
 
 
 
 
 
Income per common share:
 
 
 
 
 
 
 
Income from continuing operations
$
0.20

 
$
0.20

 
$
0.41

 
$
0.33

Income (loss) from discontinued operations
—

 
—

 
—

 
0.01

Net income attributable to common shareholders
$
0.20

 
$
0.20

 
$
0.41

 
$
0.34


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.