Earnings Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share

15. Earnings Per Share

     The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2016		2015		2016		2015
Numerator for basic and diluted earnings
	per share - net income (loss) attributable
	to common stockholders	$	334,910	$	182,043	$	679,353	$	685,413
Denominator for basic earnings per
	share - weighted average shares		358,932		351,765		356,911		346,425
Effect of dilutive securities:
	Employee stock options		128		114		119		155
	Non-vested restricted shares		526		607		414		498
	Redeemable shares		1,651		621		1,308		207
	Convertible senior unsecured notes		-		-		-		262
Dilutive potential common shares			2,305		1,342		1,841		1,122
Denominator for diluted earnings per
	share - adjusted weighted average shares		361,237		353,107		358,752		347,547
Basic earnings per share		$	0.93	$	0.52	$	1.90	$	1.98
Diluted earnings per share		$	0.93	$	0.52	$	1.89	$	1.97

The Series I Cumulative Convertible Perpetual Preferred Stock was not included in the calculations as the effect of conversions into common stock was anti-dilutive.