Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2016

Components Of Earnings Per Common Share - Basic And Diluted

Earnings per common share – basic is computed using net income attributable to common shareholders and the weighted average number of shares outstanding – basic. Earnings per common share – diluted includes the effect of potentially dilutive securities. Income from continuing operations attributable to common shareholders includes gain on sale of property in accordance with SEC guidelines. Earnings per common share – basic and diluted components for the periods indicated are as follows (in thousands):



	Year Ended December 31,
	2016			2015			2014
Numerator:
Continuing Operations:
Income from continuing operations	$	176,117		$	121,601		$	116,365
Gain on sale of property	100,714			59,621			146,290
Net income attributable to noncontrolling interests	(37,898		)	(6,870		)	(19,623		)
Dividends on preferred shares	—			(3,830		)	(10,840		)
Redemption costs of preferred shares	—			(9,687		)	—
Income from continuing operations attributable to common shareholders – basic	238,933			160,835			232,192
Income attributable to operating partnership units	1,996			—			2,171
Income from continuing operations attributable to common shareholders – diluted	$	240,929		$	160,835		$	234,363
Discontinued Operations:
Income from discontinued operations	$	—		$	—		$	44,924
Net loss attributable to noncontrolling interests	—			—			52
Income from discontinued operations attributable to common shareholders – basic and diluted	$	—		$	—		$	44,976
Net Income:
Net income attributable to common shareholders – basic	$	238,933		$	160,835		$	277,168
Net income attributable to common shareholders – diluted	$	240,929		$	160,835		$	279,339
Denominator:
Weighted average shares outstanding – basic	126,048			123,037			121,542
Effect of dilutive securities:
Share options and awards	1,059			1,292			1,331
Operating partnership units	1,462			—			1,497
Weighted average shares outstanding – diluted	128,569			124,329			124,370

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,
	2016	2015	2014
Share options ⁽¹⁾	2	463	908
Operating partnership units	—	1,472	—
Total anti-dilutive securities	2	1,935	908

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