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 June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Earnings per Common Share - basic:
Numerator:
Net income	$	52,998		$	39,554		$	87,244		$	73,039
Net (income) attributable to noncontrolling interests in the Operating Partnership	(1,381		)	(1,043		)	(2,269		)	(1,931		)
Net (income) attributable to noncontrolling interests in consolidated affiliates	(308		)	(299		)	(594		)	(599		)
Dividends on Preferred Stock	(623		)	(623		)	(1,246		)	(1,246		)
Net income available for common stockholders	$	50,686		$	37,589		$	83,135		$	69,263
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	103,428			102,475			103,376			102,109
Net income available for common stockholders	$	0.49		$	0.37		$	0.80		$	0.68
Earnings per Common Share - diluted:
Numerator:
Net income	$	52,998		$	39,554		$	87,244		$	73,039
Net (income) attributable to noncontrolling interests in consolidated affiliates	(308		)	(299		)	(594		)	(599		)
Dividends on Preferred Stock	(623		)	(623		)	(1,246		)	(1,246		)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership	$	52,067		$	38,632		$	85,404		$	71,194
Denominator:
Denominator for basic earnings per Common Share – weighted average shares	103,428			102,475			103,376			102,109
Add:
Stock options using the treasury method	32			77			29			81
Noncontrolling interests Common Units	2,807			2,834			2,811			2,836
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1)	106,267			105,386			106,216			105,026
Net income available for common stockholders	$	0.49		$	0.37		$	0.80		$	0.68

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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 June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Earnings per Common Unit - basic:
Numerator:
Net income	$	52,998		$	39,554		$	87,244		$	73,039
Net (income) attributable to noncontrolling interests in consolidated affiliates	(308		)	(299		)	(594		)	(599		)
Distributions on Preferred Units	(623		)	(623		)	(1,246		)	(1,246		)
Net income available for common unitholders	$	52,067		$	38,632		$	85,404		$	71,194
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	105,826			104,900			105,778			104,536
Net income available for common unitholders	$	0.49		$	0.37		$	0.81		$	0.68
Earnings per Common Unit - diluted:
Numerator:
Net income	$	52,998		$	39,554		$	87,244		$	73,039
Net (income) attributable to noncontrolling interests in consolidated affiliates	(308		)	(299		)	(594		)	(599		)
Distributions on Preferred Units	(623		)	(623		)	(1,246		)	(1,246		)
Net income available for common unitholders	$	52,067		$	38,632		$	85,404		$	71,194
Denominator:
Denominator for basic earnings per Common Unit – weighted average units	105,826			104,900			105,778			104,536
Add:
Stock options using the treasury method	32			77			29			81
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1)	105,858			104,977			105,807			104,617
Net income available for common unitholders	$	0.49		$	0.37		$	0.81		$	0.68

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