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Stockholders' Equity of the Company (Tables)
9 Months Ended
Sep. 30, 2017
Stockholders' Equity Note [Abstract]  
Class of Treasury Stock
In August 2016, our board of directors approved a stock repurchase plan under which we can buy up to $1.0 billion of shares of our common stock. At September 30, 2017, repurchases made under the stock repurchase plans were as follows:
Period
Total number of shares purchased
Average price paid per share
Total number of shares purchased as part of the repurchase plan or programs
Maximum approximate dollar value of shares that may yet be purchased under the plan (in millions)
First quarter 2017
982
$103.89
982
$999.9
Second quarter 2017
2,447,153
$103.41
2,448,135
$746.8
Third quarter 2017
951,866
$101.67
3,400,001
$650.0
Schedule of Earnings Per Share
SL Green's earnings per share for the three and nine months ended September 30, 2017 and 2016 are computed as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Numerator
2017
 
2016
 
2017
 
2016
Basic Earnings:
 
 
 
 
 
 
 
Income attributable to SL Green common stockholders
$
38,869

 
$
34,252

 
$
58,442

 
$
190,930

Effect of Dilutive Securities:
 
 
 
 
 
 
 
Redemption of units to common shares
1,812

 
1,663

 
2,707

 
8,171

Diluted Earnings:
 
 
 
 
 
 
 
Income attributable to SL Green common stockholders
$
40,681

 
$
35,915

 
$
61,149

 
$
199,101

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Denominator
2017
 
2016
 
2017
 
2016
Basic Shares:
 
 
 
 
 
 
 
Weighted average common stock outstanding
97,783

 
100,233

 
99,431

 
100,140

Effect of Dilutive Securities:
 
 
 
 
 
 
 
Operating Partnership units redeemable for common shares
4,543

 
4,497

 
4,570

 
4,272

Stock-based compensation plans
244

 
413

 
279

 
349

Diluted weighted average common stock outstanding
102,570

 
105,143

 
104,280

 
104,761