EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

NOTE 14—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,
	2018		2017			2018			2017
	(In thousands, except per share amounts)
Numerator for basic and diluted earnings per share:
Income from continuing operations	$	103,263	$	156,930		$	316,796		$	465,114
Discontinued operations	—		(19		)	(10		)	(95		)
Gain on real estate dispositions	18		458,280			35,893			502,288
Net income	103,281		615,191			352,679			967,307
Net income attributable to noncontrolling interests	1,309		1,233			5,485			3,391
Net income attributable to common stockholders	$	101,972	$	613,958		$	347,194		$	963,916
Denominator:
Denominator for basic earnings per share—weighted average shares	356,318		355,929			356,224			355,110
Effect of dilutive securities:
Stock options	227		624			152			528
Restricted stock awards	396		318			271			236
OP Unitholder Interests	2,414		2,462			2,421			2,491
Denominator for diluted earnings per share—adjusted weighted average shares	359,355		359,333			359,068			358,365
Basic earnings per share:
Income from continuing operations	$	0.29	$	0.44		$	0.89		$	1.31
Net income attributable to common stockholders	0.29		1.72			0.97			2.71
Diluted earnings per share:
Income from continuing operations	$	0.29	$	0.44		$	0.88		$	1.30
Net income attributable to common stockholders	0.28		1.71			0.97			2.69