Stockholders' Equity of the Company (Tables)

9 Months Ended

Sep. 30, 2019

Stockholders' Equity Note [Abstract]

Class of Treasury Stock

At September 30, 2019, repurchases executed under the program were as follows:

Period	Shares repurchased	Average price paid per share	Cumulative number of shares repurchased as part of the repurchase plan or programs
Year ended 2017	8,342,411	$101.64	8,342,411
Year ended 2018	9,744,911	$96.22	18,087,322
First quarter 2019	397,783	$86.07	18,485,105
Second quarter 2019	866,924	$86.58	19,352,029
Third quarter 2019 (1)	916,439	$81.31	20,268,468

(1) Includes 108,300 shares of common stock repurchased by the Company in September 2019 that were settled in October 2019.

Schedule of Common Stock Issued and Proceeds Received Dividend Reinvestments

The following table summarizes SL Green common stock issued, and proceeds received from dividend reinvestments and/or stock purchases under the DRSPP for the three and nine months ended September 30, 2019 and 2018, respectively (dollars in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Shares of common stock issued	490		509		3,485		1,183
Dividend reinvestments/stock purchases under the DRSPP	$	39	$	52	$	303	$	116

Schedule of Earnings Per Share

SL Green's earnings per share for the three and nine months ended September 30, 2019 and 2018 are computed as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
Numerator	2019			2018			2019			2018
Basic Earnings:
Income attributable to SL Green common stockholders	$	33,157		$	88,209		$	238,052		$	293,531
Less: distributed earnings allocated to participating securities	(108		)	(125		)	(325		)	(371		)
Less: undistributed earnings allocated to participating securities	—			(33		)	(41		)	(138		)
Net income attributable to SL Green common stockholders (numerator for basic earnings per share)	$	33,049		$	88,051		$	237,686		$	293,022
Add back: distributed earnings allocated to participating securities	108			125			325			371
Add back: undistributed earnings allocated to participating securities	—			33			41			138
Add back: Effect of dilutive securities (redemption of units to common shares)	1,719			4,797			12,306			15,656
Income attributable to SL Green common stockholders (numerator for diluted earnings per share)	$	34,876		$	93,006		$	250,358		$	309,187

	Three Months Ended September 30,		Nine Months Ended September 30,
Denominator	2019	2018	2019	2018
Basic Shares:
Weighted average common stock outstanding	82,292	85,566	82,855	87,692
Effect of Dilutive Securities:
Operating Partnership units redeemable for common shares	4,258	4,643	4,283	4,677
Stock-based compensation plans	164	219	171	211
Diluted weighted average common stock outstanding	86,714	90,428	87,309	92,580