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Earnings per Share ("EPS")
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings per Share (EPS)
Earnings Per Share ("EPS"):
The following table reconciles the numerator and denominator used in the computation of EPS for the three and nine months ended September 30, 2018 and 2017 (shares in thousands):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Numerator
 
 
 
 
 
 
 
Net income
$
81,241

 
$
19,228

 
$
55,726

 
$
123,089

Less net income attributable to noncontrolling interests
7,213

 
1,730

 
7,455

 
9,710

Net income attributable to the Company
74,028

 
17,498

 
48,271

 
113,379

Allocation of earnings to participating securities
(278
)
 
(193
)
 
(824
)
 
(567
)
Numerator for basic and diluted EPS—net income attributable to common stockholders
$
73,750

 
$
17,305

 
$
47,447

 
$
112,812

Denominator
 
 
 
 
 
 
 
Denominator for basic EPS—weighted average number of common shares outstanding
141,196

 
141,299

 
141,120

 
142,188

Effect of dilutive securities(1):
 
 
 
 
 
 
 
Share and unit-based compensation plans

 
11

 
5

 
35

Denominator for diluted EPS—weighted average number of common shares outstanding
141,196

 
141,310

 
141,125

 
142,223

EPS—net income attributable to common stockholders:
 
 
 
 
 
 
 
Basic
$
0.52

 
$
0.12

 
$
0.34

 
$
0.79

Diluted
$
0.52

 
$
0.12

 
$
0.34

 
$
0.79

 
 
 
(1)
Diluted EPS excludes 90,619 convertible preferred partnership units for the three and nine months ended September 30, 2018 and 2017, as their impact was antidilutive. Diluted EPS excludes 10,377,936 and 10,324,376 Operating Partnership units ("OP Units") for the three months ended September 30, 2018 and 2017, respectively, and 10,355,946 and 10,479,806 OP Units for the nine months ended September 30, 2018 and 2017, respectively, as their impact was antidilutive.