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Equity (Tables)
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Net income attributable to common stockholders and the issuance of our Class A shares in exchange for the conversion of OP Units into common stock
The following is net income attributable to common stockholders and the issuance of our Class A shares in exchange for the conversion of OP Units into common stock (amounts in thousands):
 
Three Months Ended,
 
Six Months Ended,
 
June 30, 2018
 
June 30, 2017
 
June 30, 2018
 
June 30, 2017
Net income attributable to common stockholders
$
16,651

 
$
16,584

 
$
26,419

 
$
26,569

Increase in additional paid-in capital for the conversion of OP Units into common stock
15,678

 
1,323

 
25,840

 
9,134

Change from net income attributable to common stockholders and transfers from non-controlling interests
$
32,329

 
$
17,907

 
$
52,259

 
$
35,703
Summary of restricted stock and LTIP unit activity
The following is a summary of restricted stock and LTIP unit activity for the six months ended June 30, 2018:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Fair Value
Unvested balance at December 31, 2017
90,791

 
3,588,609

 
$
11.20

Vested
(30,693
)
 
(492,877
)
 
14.58

Granted
39,608

 
2,719,801

 
8.54

Forfeited or unearned
(7,811
)
 
(103,490
)
 
8.52

Unvested balance at June 30, 2018
91,895

 
5,712,043

 
$
9.68
Earnings per share
Earnings per share for the three and six months ended June 30, 2018 and 2017 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended,
 
Six Months Ended,
 
June 30, 2018
 
June 30, 2017
 
June 30, 2018
 
June 30, 2017
Numerator - Basic:
 
 
 
 
 
 
 
Net income
$
30,184

 
$
31,359

 
$
48,242

 
$
50,504

Private perpetual preferred unit distributions
(234
)
 
(234
)
 
(468
)
 
(468
)
Net income attributable to non-controlling interests
(13,299
)
 
(14,541
)
 
(21,355
)
 
(23,467
)
Earnings allocated to unvested shares
(10
)
 
(10
)
 
(16
)
 
(17
)
Net income attributable to common stockholders - basic
$
16,641

 
$
16,574

 
$
26,403

 
$
26,552

 
 
 
 
 
 
 
 
Numerator - Diluted:
 
 
 
 
 
 
 
Net income
$
30,184

 
$
31,359

 
$
48,242

 
$
50,504

Private perpetual preferred unit distributions
(234
)
 
(234
)
 
(468
)
 
(468
)
Earnings allocated to unvested shares
(10
)
 
(10
)
 
(16
)
 
(17
)
Net income attributable to common stockholders - diluted
$
29,940

 
$
31,115

 
$
47,758

 
$
50,019

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
165,256

 
157,921

 
164,311

 
157,265

Operating partnership units
131,988

 
138,467

 
132,717

 
139,123

Effect of dilutive securities:
 
 
 
 
 
 
 
   Stock-based compensation plans
—

 
973

 
1

 
874

   Exchangeable senior notes
—

 
1,037

 
—

 
918

Weighted average shares outstanding - diluted
297,244

 
298,398

 
297,029

 
298,180

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.10

 
$
0.10

 
$
0.16

 
$
0.17

Diluted
$
0.10

 
$
0.10

 
$
0.16

 
$
0.17