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Earnings Per Share ("EPS") (Tables)
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator Used in Computation of Earnings Per Share
The following table reconciles the numerator and denominator used in the computation of earnings per share for the years ended December 31 (shares in thousands):
 
2017
 
2016
 
2015
Numerator
 
 
 
 
 
Net Income
$
161,673

 
$
554,839

 
$
522,912

Net income attributable to noncontrolling interests
(15,543
)
 
(37,844
)
 
(35,350
)
Net income attributable to the Company
146,130

 
516,995

 
487,562

Allocation of earnings to participating securities
(757
)
 
(779
)
 
(1,493
)
Numerator for basic and diluted EPS—net income attributable to common stockholders
$
145,373

 
$
516,216

 
$
486,069

Denominator
 
 
 
 
 
Denominator for basic EPS—weighted average number of common shares outstanding
141,877

 
146,599

 
157,916

Effect of dilutive securities (1)
 
 
 
 
 
   Share and unit based compensation
36

 
112

 
144

Denominator for diluted EPS—weighted average number of common shares outstanding
141,913

 
146,711

 
158,060

EPS—net income attributable to common stockholders:
 
 
 
 
 
Basic
$
1.02

 
$
3.52

 
$
3.08

Diluted
$
1.02

 
$
3.52

 
$
3.08


____________________________________
(1)
Diluted EPS excludes 90,619, 133,366 and 139,186 convertible preferred units for the years ended December 31, 2017, 2016 and 2015, respectively, as their impact was antidilutive.
Diluted EPS excludes 10,416,321 and 10,721,271 and 10,562,154 Operating Partnership units ("OP Units") for the years ended December 31, 2017, 2016 and 2015, respectively, as their effect was antidilutive.