Net Income Per Common Share

6 Months Ended

Jun. 30, 2016

Net Income Per Common Share

Net Income Per Common Share

15.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		Six months ended
	June 30,		June 30,
	2016	2015	2016	2015
Weighted average shares used for the basic net income per share computation	253,375,546	232,403,586	251,792,989	228,932,782
Incremental shares from share-based compensation	281,177	165,577	280,696	128,980
Weighted average partnership common units convertible to common shares that were dilutive	317,022	317,022	317,022	317,022
Weighted average shares used for diluted net income per share computation	253,973,745	232,886,185	252,390,707	229,378,784
Unvested shares from share-based compensation that were anti-dilutive	-	115,789	1,978	107,539
Weighted average partnership common units convertible to common shares that were anti-dilutive	280,498	419,546	305,272	429,988