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 March 31,
	2018			2017
Earnings per Common Share - basic:
Numerator:
Net income	$	34,246		$	33,485
Net (income) attributable to noncontrolling interests in the Operating Partnership	(888		)	(888		)
Net (income) attributable to noncontrolling interests in consolidated affiliates	(286		)	(300		)
Dividends on Preferred Stock	(623		)	(623		)
Net income available for common stockholders	$	32,449		$	31,674
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	103,324			101,738
Net income available for common stockholders	$	0.31		$	0.31
Earnings per Common Share - diluted:
Numerator:
Net income	$	34,246		$	33,485
Net (income) attributable to noncontrolling interests in consolidated affiliates	(286		)	(300		)
Dividends on Preferred Stock	(623		)	(623		)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$	33,337		$	32,562
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	103,324			101,738
Add:
Stock options using the treasury method	26			85
Noncontrolling interests Common Units	2,815			2,838
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)	106,165			104,661
Net income available for common stockholders	$	0.31		$	0.31

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(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 March 31,
	2018			2017
Earnings per Common Unit - basic:
Numerator:
Net income	$	34,246		$	33,485
Net (income) attributable to noncontrolling interests in consolidated affiliates	(286		)	(300		)
Distributions on Preferred Units	(623		)	(623		)
Net income available for common unitholders	$	33,337		$	32,562
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	105,730			104,167
Net income available for common unitholders	$	0.32		$	0.31
Earnings per Common Unit - diluted:
Numerator:
Net income	$	34,246		$	33,485
Net (income) attributable to noncontrolling interests in consolidated affiliates	(286		)	(300		)
Distributions on Preferred Units	(623		)	(623		)
Net income available for common unitholders	$	33,337		$	32,562
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	105,730			104,167
Add:
Stock options using the treasury method	26			85
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)	105,756			104,252
Net income available for common unitholders	$	0.32		$	0.31

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