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Equity (Tables)
 9 Months Ended
Sep. 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,
 
Nine Months Ended,
 
September 30, 2018
 
September 30, 2017
 
September 30, 2018
 
September 30, 2017
Net income attributable to common stockholders
$
16,342

 
$
18,806

 
$
42,761

 
$
45,375

Increase in additional paid-in capital for the conversion of OP Units into common stock
5,765

 
1,953

 
31,605

 
11,087

Change from net income attributable to common stockholders and transfers from non-controlling interests
$
22,107

 
$
20,759

 
$
74,366

 
$
56,462
Summary of restricted stock and LTIP unit activity
The following is a summary of restricted stock and LTIP unit activity for the nine months ended September 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 September 30, 2018
91,895

 
5,712,043

 
$
9.68
Earnings per share
Earnings per share for the three and nine months ended September 30, 2018 and 2017 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended,
 
Nine Months Ended,
 
September 30, 2018
 
September 30, 2017
 
September 30, 2018
 
September 30, 2017
Numerator - Basic:
 
 
 
 
 
 
 
Net income
$
29,230

 
$
35,489

 
$
77,472

 
$
85,993

Private perpetual preferred unit distributions
(234
)
 
(234
)
 
(702
)
 
(702
)
Net income attributable to non-controlling interests
(12,654
)
 
(16,449
)
 
(34,009
)
 
(39,916
)
Earnings allocated to unvested shares
(10
)
 
(11
)
 
(26
)
 
(28
)
Net income attributable to common stockholders - basic
$
16,332

 
$
18,795

 
$
42,735

 
$
45,347

 
 
 
 
 
 
 
 
Numerator - Diluted:
 
 
 
 
 
 
 
Net income
$
29,230

 
$
35,489

 
$
77,472

 
$
85,993

Private perpetual preferred unit distributions
(234
)
 
(234
)
 
(702
)
 
(702
)
Earnings allocated to unvested shares
(10
)
 
(11
)
 
(26
)
 
(28
)
Net income attributable to common stockholders - diluted
$
28,986

 
$
35,244

 
$
76,744

 
$
85,263

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
167,657

 
158,102

 
165,613

 
157,796

Operating partnership units
129,821

 
138,287

 
131,567

 
138,593

Effect of dilutive securities:
 
 
 
 
 
 
 
   Stock-based compensation plans
—

 
762

 
1

 
848

   Exchangeable senior notes
—

 
720

 
—

 
852

Weighted average shares outstanding - diluted
297,478

 
297,871

 
297,181

 
298,089

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.10

 
$
0.12

 
$
0.26

 
$
0.29

Diluted
$
0.10

 
$
0.12

 
$
0.26

 
$
0.29