Earnings Per Share and Per Unit

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



	Year Ended December 31,
	2017			2016			2015
Earnings per Common Share - basic:
Numerator:
Income from continuing operations	$	191,663		$	122,546		$	85,521
Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations	(5,059		)	(3,331		)	(2,443		)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(1,239		)	(1,253		)	(1,264		)
Dividends on Preferred Stock	(2,492		)	(2,501		)	(2,506		)
Income from continuing operations available for common stockholders	182,873			115,461			79,308
Income from discontinued operations	—			418,593			15,739
Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations	—			(12,265		)	(475		)
Income from discontinued operations available for common stockholders	—			406,328			15,264
Net income available for common stockholders	$	182,873		$	521,789		$	94,572
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	102,682			98,439			94,404
Earnings per Common Share - basic:
Income from continuing operations available for common stockholders	$	1.78		$	1.17		$	0.84
Income from discontinued operations available for common stockholders	—			4.13			0.16
Net income available for common stockholders	$	1.78		$	5.30		$	1.00
Earnings per Common Share - diluted:
Numerator:
Income from continuing operations	$	191,663		$	122,546		$	85,521
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(1,239		)	(1,253		)	(1,264		)
Dividends on Preferred Stock	(2,492		)	(2,501		)	(2,506		)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	187,932			118,792			81,751
Income from discontinued operations available for common stockholders	—			418,593			15,739
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$	187,932		$	537,385		$	97,490
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	102,682			98,439			94,404
Add:
Stock options using the treasury method	79			87			87
Noncontrolling interests Common Units	2,833			2,872			2,915
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)	105,594			101,398			97,406
Earnings per Common Share - diluted:
Income from continuing operations available for common stockholders	$	1.78		$	1.17		$	0.84
Income from discontinued operations available for common stockholders	—			4.13			0.16
Net income available for common stockholders	$	1.78		$	5.30		$	1.00

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


16.	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:



	Year Ended December 31,
	2017			2016			2015
Earnings per Common Unit - basic:
Numerator:
Income from continuing operations	$	191,663		$	122,546		$	85,521
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(1,239		)	(1,253		)	(1,264		)
Distributions on Preferred Units	(2,492		)	(2,501		)	(2,506		)
Income from continuing operations available for common unitholders	187,932			118,792			81,751
Income from discontinued operations available for common unitholders	—			418,593			15,739
Net income available for common unitholders	$	187,932		$	537,385		$	97,490
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	105,106			100,902			96,910
Earnings per Common Unit - basic:
Income from continuing operations available for common unitholders	$	1.79		$	1.18		$	0.84
Income from discontinued operations available for common unitholders	—			4.15			0.17
Net income available for common unitholders	$	1.79		$	5.33		$	1.01
Earnings per Common Unit - diluted:
Numerator:
Income from continuing operations	$	191,663		$	122,546		$	85,521
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations	(1,239		)	(1,253		)	(1,264		)
Distributions on Preferred Units	(2,492		)	(2,501		)	(2,506		)
Income from continuing operations available for common unitholders	187,932			118,792			81,751
Income from discontinued operations available for common unitholders	—			418,593			15,739
Net income available for common unitholders	$	187,932		$	537,385		$	97,490
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	105,106			100,902			96,910
Add:
Stock options using the treasury method	79			87			87
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)	105,185			100,989			96,997
Earnings per Common Unit - diluted:
Income from continuing operations available for common unitholders	$	1.79		$	1.18		$	0.84
Income from discontinued operations available for common unitholders	—			4.14			0.17
Net income available for common unitholders	$	1.79		$	5.32		$	1.01

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