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Earnings Per Share/Unit
 12 Months Ended
Dec. 31, 2013
Earnings Per Share/Unit Basic and Diluted [Line Items]  
Earnings Per Share
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,
 
2013
 
2012
 
2011
Earnings per Common Share - basic:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
62,723

 
$
40,313

 
$
30,885

Net (income) attributable to noncontrolling interests in the Operating Partnership from continuing operations
(2,185
)
 
(1,767
)
 
(1,239
)
Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(949
)
 
(786
)
 
(755
)
Dividends on Preferred Stock
(2,508
)
 
(2,508
)
 
(4,553
)
Excess of Preferred Stock redemption/repurchase cost over carrying value
—

 
—

 
(1,895
)
Income from continuing operations available for common stockholders
57,081

 
35,252

 
22,443

Income from discontinued operations
68,374

 
43,922

 
17,086

Net (income) attributable to noncontrolling interests in the Operating Partnership from discontinued operations
(2,506
)
 
(2,087
)
 
(852
)
Income from discontinued operations available for common stockholders
65,868

 
41,835

 
16,234

Net income available for common stockholders
$
122,949

 
$
77,087

 
$
38,677

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Share – weighted average shares
85,335

 
75,811

 
72,281

Earnings per Common Share - basic:
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.67

 
$
0.47

 
$
0.31

Income from discontinued operations available for common stockholders
0.77

 
0.55

 
0.23

Net income available for common stockholders
$
1.44

 
$
1.02

 
$
0.54

Earnings per Common Share - diluted:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
62,723

 
$
40,313

 
$
30,885

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(949
)
 
(786
)
 
(755
)
Dividends on Preferred Stock
(2,508
)
 
(2,508
)
 
(4,553
)
Excess of Preferred Stock redemption/repurchase cost over carrying value
—

 
—

 
(1,895
)
Income from continuing operations available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
59,266

 
37,019

 
23,682

Income from discontinued operations available for common stockholders
68,374

 
43,922

 
17,086

Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$
127,640

 
$
80,941

 
$
40,768

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Share – weighted average shares
85,335

 
75,811

 
72,281

Add:
 
 
 
 
 
Stock options using the treasury method
114

 
122

 
136

Noncontrolling interests Common Units
3,387

 
3,745

 
3,772

Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1) (2)
88,836

 
79,678

 
76,189

Earnings per Common Share - diluted:
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.67

 
$
0.47

 
$
0.31

Income from discontinued operations available for common stockholders
0.77

 
0.55

 
0.23

Net income available for common stockholders
$
1.44

 
$
1.02

 
$
0.54

__________

17.
Earnings Per Share and Per Unit - Continued
 
(1)
There were 0.3 million, 0.5 million and 0.4 million options outstanding during the years ended December 31, 2013, 2012 and 2011, respectively, that were not included in the computation of diluted earnings per share because the impact of including such options would be anti-dilutive.
(2)
Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.

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

 
Year Ended December 31,
 
2013
 
2012
 
2011
Earnings per Common Unit - basic:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
62,672

 
$
40,373

 
$
30,946

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(949
)
 
(786
)
 
(755
)
Distributions on Preferred Units
(2,508
)
 
(2,508
)
 
(4,553
)
Excess of Preferred Unit redemption/repurchase cost over carrying value
—

 
—

 
(1,895
)
Income from continuing operations available for common unitholders
59,215

 
37,079

 
23,743

Income from discontinued operations available for common unitholders
68,374

 
43,922

 
17,086

Net income available for common unitholders
$
127,589

 
$
81,001

 
$
40,829

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Unit – weighted average units
88,313

 
79,147

 
75,644

Earnings per Common Unit - basic:
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.67

 
$
0.47

 
$
0.31

Income from discontinued operations available for common unitholders
0.77

 
0.55

 
0.23

Net income available for common unitholders
$
1.44

 
$
1.02

 
$
0.54

Earnings per Common Unit - diluted:
 
 
 
 
 
Numerator:
 
 
 
 
 
Income from continuing operations
$
62,672

 
$
40,373

 
$
30,946

Net (income) attributable to noncontrolling interests in consolidated affiliates from continuing operations
(949
)
 
(786
)
 
(755
)
Distributions on Preferred Units
(2,508
)
 
(2,508
)
 
(4,553
)
Excess of Preferred Unit redemption/repurchase cost over carrying value
—

 
—

 
(1,895
)
Income from continuing operations available for common unitholders
59,215

 
37,079

 
23,743

Income from discontinued operations available for common unitholders
68,374

 
43,922

 
17,086

Net income available for common unitholders
$
127,589

 
$
81,001

 
$
40,829

Denominator:
 
 
 
 
 
Denominator for basic earnings per Common Unit – weighted average units
88,313

 
79,147

 
75,644

Add:
 
 
 
 
 
Stock options using the treasury method
114

 
122

 
136

Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1) (2)
88,427

 
79,269

 
75,780

Earnings per Common Unit - diluted:
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.67

 
$
0.47

 
$
0.31

Income from discontinued operations available for common unitholders
0.77

 
0.55

 
0.23

Net income available for common unitholders
$
1.44

 
$
1.02

 
$
0.54

__________

17.
Earnings Per Share and Per Unit - Continued

(1)
There were 0.3 million, 0.5 million and 0.4 million options outstanding during the years ended December 31, 2013, 2012 and 2011, respectively, that were not included in the computation of diluted earnings per unit because the impact of including such options would be anti-dilutive.
(2)
Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.