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Earnings Per Share
 9 Months Ended
Sep. 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 nine months ended September 30, 2016 and 2015:
 
Three months ended September 30,
 
Nine months ended September 30,
 
2016
 
2015
 
2016
 
2015
BASIC
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to common shareholders
$
(26,653
)
 
$
(7,629
)
 
$
68,310

 
$
70,189

Income from discontinued operations attributable to common shareholders
—

 
—

 
—

 
1,682

Net income (loss) attributable to common shareholders
$
(26,653
)
 
$
(7,629
)
 
$
68,310

 
$
71,871

Weighted-average number of common shares outstanding - basic
234,207,396

 
234,018,062

 
233,151,600

 
233,457,400

Income (loss) per common share:
 

 
 

 
 

 
 

Income (loss) from continuing operations
$
(0.11
)
 
$
(0.03
)
 
$
0.29

 
$
0.30

Income from discontinued operations
—

 
—

 
—

 
0.01

Net income (loss) attributable to common shareholders
$
(0.11
)
 
$
(0.03
)
 
$
0.29

 
$
0.31

 
 
 
 
 
 
 
 
DILUTED
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to common shareholders - basic
$
(26,653
)
 
$
(7,629
)
 
$
68,310

 
$
70,189

Impact of assumed conversions
—

 
—

 
(1,083
)
 
—

Income (loss) from continuing operations attributable to common shareholders
(26,653
)
 
(7,629
)
 
67,227

 
70,189

Income from discontinued operations attributable to common shareholders - basic
—

 
—

 
—

 
1,682

Impact of assumed conversions
—

 
—

 
—

 
—

Income from discontinued operations attributable to common shareholders
—

 
—

 
—

 
1,682

Net income (loss) attributable to common shareholders
$
(26,653
)
 
$
(7,629
)
 
$
67,227

 
$
71,871

 
 
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
234,207,396

 
234,018,062

 
233,151,600

 
233,457,400

Effect of dilutive securities:
 
 
 
 
 
 
 
Share options
—

 
—

 
246,166

 
319,438

OP Units
—

 
—

 
3,818,117

 
—

Weighted-average common shares outstanding - diluted
234,207,396

 
234,018,062

 
237,215,883

 
233,776,838

 
 
 
 
 
 
 
 
Income (loss) per common share:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(0.11
)
 
$
(0.03
)
 
$
0.28

 
$
0.30

Income from discontinued operations
—

 
—

 
—

 
0.01

Net income (loss) attributable to common shareholders
$
(0.11
)
 
$
(0.03
)
 
$
0.28

 
$
0.31


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.