Net Income Per Common Share

9 Months Ended

Sep. 30, 2014

Net Income Per Common Share

Net Income Per Common Share

17.   Net Income Per Common Share

Basic net income per common share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted net income per common share is computed by dividing net income available to common stockholders for the period by the weighted average number of common shares that would have been outstanding assuming the issuance of common shares for all potentially dilutive securities outstanding during the reporting period.

The following is a reconciliation of the denominator of the basic net income per common share computation to the denominator of the diluted net income per common share computation. The numerator has been adjusted for income allocated to convertible common units determined to be dilutive.

	Three months ended		Nine months ended
	September 30,		September 30,
	2014	2013	2014	2013
Weighted average shares used for the basic net income
per share computation	222,061,661	195,768,298	216,804,815	187,805,222
Incremental shares from share-based compensation	174,410	-	25,198	114,018
Weighted average partnership common units convertible
to common shares that were dilutive	-	851,568	317,022	480,608
Weighted average shares used for diluted net
income per share computation	222,236,071	196,619,866	217,147,035	188,399,848
Unvested shares from share-based compensation that
were anti-dilutive	45,654	60,259	58,654	59,749
Weighted average partnership common units convertible
to common shares that were anti-dilutive	841,568	-	529,381	-