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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2017
Summary of Significant Accounting Policies  
Schedule of computation of basic and diluted earnings per common share

The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

    

September 30, 2017

    

September 30, 2016

    

September 30, 2017

    

September 30, 2016

 

 

(unaudited)

 

(unaudited)

 

(unaudited)

 

(unaudited)

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

17,082

 

$

39,427

 

$

132,324

 

$

106,379

Income from consolidated joint venture attributable to noncontrolling interest

 

 

(2,169)

 

 

(2,053)

 

 

(6,344)

 

 

(5,358)

Preferred stock dividends and redemption charge

 

 

(3,208)

 

 

(3,207)

 

 

(9,622)

 

 

(12,756)

Distributions paid on unvested restricted stock compensation

 

 

(59)

 

 

(55)

 

 

(179)

 

 

(173)

Undistributed income allocated to unvested restricted stock compensation

 

 

(2)

 

 

(123)

 

 

(440)

 

 

(293)

Numerator for basic and diluted income attributable to common stockholders

 

$

11,644

 

$

33,989

 

$

115,739

 

$
87,799

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic and diluted common shares outstanding

 

 

224,142

 

 

215,413

 

 

221,140

 

 

214,565

Basic and diluted income attributable to common stockholders per common share

 

$

0.05

 

$

0.16

 

$

0.52

 

$

0.41