Earnings Per Share and Per Unit

The following table sets forth the computation of basic and diluted earnings per share of the Company:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Earnings per Common Share - basic:
Numerator:
Income from continuing operations	$	59,549		$	33,840		$	132,588		$	95,510
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations	(1,571		)	(926		)	(3,502		)	(2,611		)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(315		)	(319		)	(914		)	(941		)
Dividends on Preferred Stock	(623		)	(624		)	(1,869		)	(1,877		)
Income from continuing operations available for common stockholders	57,040			31,971			126,303			90,081
Income from discontinued operations	—			—			—			418,593
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations	—			—			—			(12,265		)
Income from discontinued operations available for common stockholders	—			—			—			406,328
Net income available for common stockholders	$	57,040		$	31,971		$	126,303		$	496,409
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	103,237			98,973			102,489			97,669
Earnings per Common Share - basic:
Income from continuing operations available for common stockholders	$	0.55		$	0.32		$	1.23		$	0.92
Income from discontinued operations available for common stockholders	—			—			—			4.16
Net income available for common stockholders	$	0.55		$	0.32		$	1.23		$	5.08
Earnings per Common Share - diluted:
Numerator:
Income from continuing operations	$	59,549		$	33,840		$	132,588		$	95,510
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(315		)	(319		)	(914		)	(941		)
Dividends on Preferred Stock	(623		)	(624		)	(1,869		)	(1,877		)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	58,611			32,897			129,805			92,692
Income from discontinued operations available for common stockholders	—			—			—			418,593
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$	58,611		$	32,897		$	129,805		$	511,285
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	103,237			98,973			102,489			97,669
Add:
Stock options using the treasury method	76			108			79			94
Noncontrolling interests Common Units	2,832			2,858			2,834			2,882
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)	106,145			101,939			105,402			100,645
Earnings per Common Share - diluted:
Income from continuing operations available for common stockholders	$	0.55		$	0.32		$	1.23		$	0.92
Income from discontinued operations available for common stockholders	—			—			—			4.16
Net income available for common stockholders	$	0.55		$	0.32		$	1.23		$	5.08

__________


(1)	Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.


12.	Earnings Per Share and Per Unit - Continued

The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Earnings per Common Unit - basic:
Numerator:
Income from continuing operations	$	59,549		$	33,840		$	132,588		$	95,510
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(315		)	(319		)	(914		)	(941		)
Distributions on Preferred Units	(623		)	(624		)	(1,869		)	(1,877		)
Income from continuing operations available for common unitholders	58,611			32,897			129,805			92,692
Income from discontinued operations available for common unitholders	—			—			—			418,593
Net income available for common unitholders	$	58,611		$	32,897		$	129,805		$	511,285
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	105,660			101,422			104,914			100,142
Earnings per Common Unit - basic:
Income from continuing operations available for common unitholders	$	0.55		$	0.32		$	1.24		$	0.93
Income from discontinued operations available for common unitholders	—			—			—			4.18
Net income available for common unitholders	$	0.55		$	0.32		$	1.24		$	5.11
Earnings per Common Unit - diluted:
Numerator:
Income from continuing operations	$	59,549		$	33,840		$	132,588		$	95,510
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(315		)	(319		)	(914		)	(941		)
Distributions on Preferred Units	(623		)	(624		)	(1,869		)	(1,877		)
Income from continuing operations available for common unitholders	58,611			32,897			129,805			92,692
Income from discontinued operations available for common unitholders	—			—			—			418,593
Net income available for common unitholders	$	58,611		$	32,897		$	129,805		$	511,285
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	105,660			101,422			104,914			100,142
Add:
Stock options using the treasury method	76			108			79			94
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)	105,736			101,530			104,993			100,236
Earnings per Common Unit - diluted:
Income from continuing operations available for common unitholders	$	0.55		$	0.32		$	1.24		$	0.92
Income from discontinued operations available for common unitholders	—			—			—			4.18
Net income available for common unitholders	$	0.55		$	0.32		$	1.24		$	5.10

__________


(1)	Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.