Net Income Per Common Share

9 Months Ended

Sep. 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		Nine months ended
	September 30,		September 30,
	2016	2015	2016	2015
Weighted average shares used for the basic net income per share computation	258,085,633	236,211,706	253,953,149	231,434,521
Incremental shares from share-based compensation	271,259	211,214	270,152	111,224
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	258,673,914	236,739,942	254,540,323	231,862,767
Unvested shares from share-based compensation that were anti-dilutive	224	132,948	231	107,879
Weighted average partnership common units convertible to common shares that were anti-dilutive	97,312	419,546	235,446	426,469