XML 69 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Summary of components used to calculate basic and diluted earnings per share
Below is a summary of the components used to calculate basic and diluted earnings per share (in thousands, except per share amounts):
 
 
 
2017
 
2016
 
2015
Numerator:
 
 

 
 

 
 

Income from continuing operations
 
$
99,521

 
$
108,261

 
$
125,256

Less: Preferred dividends
 
(17,408
)
 
(18,232
)
 
(16,588
)
Premium on redemption of preferred stock
 
(2,572
)
 
(2,125
)
 
—

Allocation to participating securities
 
(307
)
 
(342
)
 
(118
)
Attributable to non-controlling interest
 
(307
)
 
(456
)
 
(819
)
Net income attributable to common stockholders, net of amount allocated to participating securities
 
$
78,927

 
$
87,106

 
$
107,731

 
 
 
 
 
 
 
Denominator:
 
 

 
 

 
 

Weighted average common shares outstanding - basic
 
99,406

 
86,874

 
85,920

Dilutive effect of equity-based compensation awards
 
374

 
469

 
1,224

Weighted average common shares outstanding - diluted
 
99,780

 
87,343

 
87,144

 
 
 
 
 
 
 
Earnings per share:
 
 

 
 

 
 

Basic
 
$
0.79

 
$
1.00

 
$
1.25

Diluted
 
$
0.79

 
$
1.00

 
$
1.24