Stockholders' Equity of the Company (Tables)

9 Months Ended

Sep. 30, 2020

Stockholders' Equity Note [Abstract]

Class of Treasury Stock

At September 30, 2020, 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
Year ended 2019	4,596,171	$83.62	22,683,493
Nine months ended September 30, 2020 (1)	6,243,165	$62.77	28,926,658

(1)    Includes 216,101 shares of common stock repurchased by the Company in September 2020 that were settled in October 2020.

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, 2020 and 2019, respectively (dollars in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Shares of common stock issued	4,205		490		9,884		3,485
Dividend reinvestments/stock purchases under the DRSPP	$	202	$	39	$	566	$	303

Schedule of Earnings Per Share

SL Green's earnings per share for the three and nine months ended September 30, 2020 and 2019 are computed as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
Numerator	2020		2019		2020		2019
Basic Earnings:
Income attributable to SL Green common stockholders	$	13,859	$	33,157	$	185,104	$	238,052
Less: distributed earnings allocated to participating securities	(333)		(108)		(777)		(325)
Less: undistributed earnings allocated to participating securities	—		—		(141)		(41)
Net income attributable to SL Green common stockholders (numerator for basic earnings per share)	$	13,526	$	33,049	$	184,186	$	237,686
Add back: dilutive effect of earnings allocated to participating securities	333		108		777		325
Add back: undistributed earnings allocated to participating securities	—		—		141		41
Add back: effect of dilutive securities (redemption of units to common shares)	802		1,719		10,073		12,306
Income attributable to SL Green common stockholders (numerator for diluted earnings per share)	$	14,661	$	34,876	$	195,177	$	250,358

	Three Months Ended September 30,		Nine Months Ended September 30,
Denominator	2020	2019	2020	2019
Basic Shares:
Weighted average common stock outstanding	73,020	82,292	75,521	82,855
Effect of Dilutive Securities:
Operating Partnership units redeemable for common shares	4,029	4,258	4,123	4,283
Stock-based compensation plans	442	164	441	171
Diluted weighted average common stock outstanding	77,491	86,714	80,085	87,309