Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2015

Components Of Earnings Per Common Share - Basic And Diluted

Earnings per common share – basic and diluted components for the periods indicated are as follows (in thousands):



	Year Ended December 31,
	2015			2014			2013
Numerator:
Continuing Operations:
Income from continuing operations	$	121,601		$	116,365		$	132,977
Gain on sale of property	59,621			146,290			762
Net income attributable to noncontrolling interests	(6,870		)	(19,623		)	(5,545		)
Dividends on preferred shares	(3,830		)	(10,840		)	(18,173		)
Redemption costs of preferred shares	(9,687		)	—			(17,944		)
Income from continuing operations attributable to common shareholders – basic	160,835			232,192			92,077
Income attributable to operating partnership units	—			2,171			—
Income from continuing operations attributable to common shareholders – diluted	$	160,835		$	234,363		$	92,077
Discontinued Operations:
Income from discontinued operations	$	—		$	44,924		$	131,417
Net loss (income) attributable to noncontrolling interests	—			52			(39,349		)
Income from discontinued operations attributable to common shareholders – basic and diluted	$	—		$	44,976		$	92,068
Net Income:
Net income attributable to common shareholders – basic	$	160,835		$	277,168		$	184,145
Net income attributable to common shareholders – diluted	$	160,835		$	279,339		$	184,145
Denominator:
Weighted average shares outstanding – basic	123,037			121,542			121,269
Effect of dilutive securities:
Share options and awards	1,292			1,331			1,191
Operating partnership units	—			1,497			—
Weighted average shares outstanding – diluted	124,329			124,370			122,460

Anti-Dilutive Securities Of Common Shares

Anti-dilutive securities of our common shares, which are excluded from the calculation of earnings per common share – diluted, are as follows (in thousands):



	Year Ended December 31,
	2015	2014	2013
Share options ⁽¹⁾	463	908	1,929
Operating partnership units	1,472	—	1,554
Total anti-dilutive securities	1,935	908	3,483

___________________


(1)	Exclusion results as exercise prices were greater than the average market price for each respective period.