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Earnings Per Share and Per Unit (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share/Unit Basic and Diluted [Line Items]  
Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share of the Company:

 
Year Ended December 31,
 
2015
 
2014
 
2013
Earnings per Common Share - basic:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
85,521

 
$
96,987

 
$
42,641

Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations
(2,443
)
 
(2,945
)
 
(1,294
)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(1,264
)
 
(1,466
)
 
(949
)
Dividends on Preferred Stock
(2,506
)
 
(2,507
)
 
(2,508
)
Income from continuing operations available for common stockholders
79,308

 
90,069

 
37,890

Income from discontinued operations
15,739

 
18,985

 
88,456

Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations
(475
)
 
(597
)
 
(3,397
)
Income from discontinued operations available for common stockholders
15,264

 
18,388

 
85,059

Net income available for common stockholders
$
94,572

 
$
108,457

 
$
122,949

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Share – weighted average shares
94,404

 
90,743

 
85,335

Earnings per Common Share - basic:
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.84

 
$
1.00

 
$
0.44

Income from discontinued operations available for common stockholders
0.16

 
0.20

 
1.00

Net income available for common stockholders
$
1.00

 
$
1.20

 
$
1.44

Earnings per Common Share - diluted:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
85,521

 
$
96,987

 
$
42,641

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(1,264
)
 
(1,466
)
 
(949
)
Dividends on Preferred Stock
(2,506
)
 
(2,507
)
 
(2,508
)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
81,751

 
93,014

 
39,184

Income from discontinued operations available for common stockholders
15,739

 
18,985

 
88,456

Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$
97,490

 
$
111,999

 
$
127,640

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Share – weighted average shares
94,404

 
90,743

 
85,335

Add:
 
 
 
 
 
Stock options using the treasury method
87

 
119

 
114

Noncontrolling interests Common Units
2,915

 
2,938

 
3,387

Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1) (2)
97,406

 
93,800

 
88,836

Earnings per Common Share - diluted:
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.84

 
$
0.99

 
$
0.44

Income from discontinued operations available for common stockholders
0.16

 
0.20

 
1.00

Net income available for common stockholders
$
1.00

 
$
1.19

 
$
1.44

__________

17.
Earnings Per Share and Per Unit - Continued
 
(1)
There were 0.2 million and 0.3 million options outstanding during the years ended December 31, 2015 and 2013, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive. There were no such options outstanding during the year ended December 31, 2014.
(2)
Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
Earnings Per Unit
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:

 
Year Ended December 31,
 
2015
 
2014
 
2013
Earnings per Common Unit - basic:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
85,521

 
$
96,987

 
$
42,590

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(1,264
)
 
(1,466
)
 
(949
)
Distributions on Preferred Units
(2,506
)
 
(2,507
)
 
(2,508
)
Income from continuing operations available for common unitholders
81,751

 
93,014

 
39,133

Income from discontinued operations available for common unitholders
15,739

 
18,985

 
88,456

Net income available for common unitholders
$
97,490

 
$
111,999

 
$
127,589

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Unit – weighted average units
96,910

 
93,272

 
88,313

Earnings per Common Unit - basic:
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.84

 
$
1.00

 
$
0.44

Income from discontinued operations available for common unitholders
0.17

 
0.20

 
1.00

Net income available for common unitholders
$
1.01

 
$
1.20

 
$
1.44

Earnings per Common Unit - diluted:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
85,521

 
$
96,987

 
$
42,590

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(1,264
)
 
(1,466
)
 
(949
)
Distributions on Preferred Units
(2,506
)
 
(2,507
)
 
(2,508
)
Income from continuing operations available for common unitholders
81,751

 
93,014

 
39,133

Income from discontinued operations available for common unitholders
15,739

 
18,985

 
88,456

Net income available for common unitholders
$
97,490

 
$
111,999

 
$
127,589

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Unit – weighted average units
96,910

 
93,272

 
88,313

Add:
 
 
 
 
 
Stock options using the treasury method
87

 
119

 
114

Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1) (2)
96,997

 
93,391

 
88,427

Earnings per Common Unit - diluted:
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.84

 
$
1.00

 
$
0.44

Income from discontinued operations available for common unitholders
0.17

 
0.20

 
1.00

Net income available for common unitholders
$
1.01

 
$
1.20

 
$
1.44

__________
(1)
There were 0.2 million and 0.3 million options outstanding during the years ended December 31, 2015 and 2013, respectively, that were not included in the computation of diluted earnings per unit because the impact of including such options would be anti-dilutive. There were no such options outstanding during the year ended December 31, 2014.
(2)
Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.