Earnings per share (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Reconciliation of Numerator and Denominator Used in Basic and Diluted EPS Computations

The following is a reconciliation of the numerator and denominator used in the basic and diluted EPS computations.

For the year ended	Earnings			Shares		Per share
December 31, 2015	(numerator)			(denominator)		amount
Net earnings	$	199,391
Less preferred share dividends:
Series C		(33,537	)
Series D		(10,086	)
Series E		(11,121	)
Series C preferred share repurchases		(100	)
Basic EPS:
Earnings attributable to common shareholders	$	144,547			99,217,000	$	1.46
Effect of dilutive securities:
Share-based compensation		—			61,000
Diluted EPS:
Earnings attributable to common shareholders	$	144,547			99,278,000	$	1.46

For the year ended	Earnings			Shares		Per share
December 31, 2014	(numerator)			(denominator)		amount
Net earnings	$	131,247
Less preferred share dividends:
Series A		(3,395	)
Series C		(33,623	)
Series D		(10,036	)
Series E		(9,776	)
Basic EPS:
Earnings attributable to common shareholders	$	74,417			93,402,000	$	0.80
Effect of dilutive securities:
Share-based compensation		—			131,000
Contingent consideration		—			117,000
Diluted EPS⁽¹⁾:
Earnings attributable to common shareholders	$	74,417			93,650,000	$	0.79

For the year ended	Earnings			Shares		Per share
December 31, 2013	(numerator)			(denominator)		amount
Net earnings	$	299,028
Less preferred share dividends:
Series A		(38,390	)
Series C		(34,035	)
Series D		(6,744	)
Series C preferred share repurchases		(660	)
Basic EPS:
Earnings attributable to common shareholders	$	219,199			65,273,000	$	3.36
Effect of dilutive securities:
Share-based compensation		—			306,000
Contingent consideration		—			567,000
Shares held in escrow		—			47,000
Convertible Series A preferred shares		38,390			21,641,000
Diluted EPS:
Earnings attributable to common shareholders plus assumed conversion	$	257,589			87,834,000	$	2.93

(1)

The convertible Series A preferred shares are not included in the computation of diluted EPS because their effects are anti-dilutive for the period the shares were outstanding.