Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2018

Earnings per share for the three months ended March 31, 2018 and 2017 is computed as follows:



	Three Months Ended March 31,
In thousands except per share amounts	2018	2017
Numerator (Income)
Basic Earnings:
Net income available to common stockholders	41,471	87,130
Effect of dilutive securities:
Income allocated to exchangeable senior notes	1,621	5,008
Income allocated to non-controlling interest	671	1,186
Dilutive net income available to stockholders	43,763	93,324
Denominator (Weighted Average Shares)
Basic Earnings:
Shares available to common stockholders	111,629	111,598
Effect of dilutive securities:
Restricted stock awards	20	19
Non-controlling interest OP units	1,425	1,425
Exchangeable senior notes	4,803	15,083
Dilutive Shares	117,877	128,125
Earnings per share:
Net income attributable to common stockholders
Basic	0.37	0.78
Diluted	0.37	0.73