Net Income Per Common Share

9 Months Ended

Sep. 30, 2015

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, plus income attributable to dilutive shares and convertible common units, 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 common shares 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.

	Three months ended		Nine months ended
	September 30,		September 30,
	2015	2014	2015	2014
Weighted average shares used for the basic net income per share computation	236,211,706	222,061,661	231,434,521	216,804,815
Incremental shares from share-based compensation	211,214	174,410	111,224	25,198
Weighted average partnership common units convertible to common shares that were dilutive	317,022	-	317,022	317,022
Weighted average shares used for diluted net income per share computation	236,739,942	222,236,071	231,862,767	217,147,035
Unvested shares from share-based compensation that were anti-dilutive	132,948	45,654	107,879	58,654
Weighted average partnership common units convertible to common shares that were anti-dilutive	419,546	841,568	426,469	529,381