EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

NOTE 15—EARNINGS PER SHARE

The following table shows the amounts used in computing our basic and diluted earnings per share:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2017			2016			2017			2016
	(In thousands, except per share amounts)
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	156,930		$	150,446		$	465,114		$	411,634
Discontinued operations	(19		)	(118		)	(95		)	(755		)
Gain (loss) on real estate dispositions	458,280			(144		)	502,288			31,779
Net income	615,191			150,184			967,307			442,658
Net income attributable to noncontrolling interests	1,233			732			3,391			1,064
Net income attributable to common stockholders	$	613,958		$	149,452		$	963,916		$	441,594
Denominator:
Denominator for basic earnings per share—weighted average shares	355,929			350,274			355,110			341,610
Effect of dilutive securities:
Stock options	624			847			528			594
Restricted stock awards	318			193			236			168
OP Unitholder interests	2,462			2,872			2,491			2,980
Denominator for diluted earnings per share—adjusted weighted average shares	359,333			354,186			358,365			345,352
Basic earnings per share:
Income from continuing operations	$	0.44		$	0.43		$	1.31		$	1.20
Net income attributable to common stockholders	1.72			0.43			2.71			1.29
Diluted earnings per share:
Income from continuing operations	$	0.44		$	0.42		$	1.30		$	1.19
Net income attributable to common stockholders	1.71			0.42			2.69			1.28