Earnings Per Share

12 Months Ended

Dec. 31, 2016

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 each of the years in the three-year period ended December 31, 2016:

	2016		2015		2014
BASIC
Income from continuing operations attributable to common shareholders	$	89,109	$	103,418	$	37,652
Income from discontinued operations attributable to common shareholders	—		1,682		48,672
Net income attributable to common shareholders	$	89,109	$	105,100	$	86,324
Weighted-average number of common shares outstanding	233,633,058		233,455,056		228,966,253
Income per common share:
Income from continuing operations	$	0.38	$	0.44	$	0.17
Income from discontinued operations	—		0.01		0.21
Net income attributable to common shareholders	$	0.38	$	0.45	$	0.38

	2016			2015		2014
DILUTED:
Income from continuing operations attributable to common shareholders	$	89,109		$	103,418	$	37,652
Impact of assumed conversions	(159		)	—		—
Income from continuing operations attributable to common shareholders	88,950			103,418		37,652
Income from discontinued operations attributable to common shareholders	—			1,682		48,672
Impact of assumed conversions:	—			—		—
Income from discontinued operations attributable to common shareholders	—			1,682		48,672
Net income attributable to common shareholders	$	88,950		$	105,100	$	86,324
Weighted-average common shares outstanding - basic	233,633,058			233,455,056		228,966,253
Effect of dilutive securities:
Share options	230,352			296,719		470,455
Operating Partnership Units	3,815,621			—		—
Weighted-average common shares outstanding - diluted	237,679,031			233,751,775		229,436,708
Income per common share:
Income from continuing operations	$	0.37		$	0.44	$	0.17
Income from discontinued operations	—			0.01		0.21
Net income attributable to common shareholders	$	0.37		$	0.45	$	0.38

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.