Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2018

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):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Numerator:
Income from continuing operations	$	36,195		$	35,894		$	109,037		$	93,496
Gain on sale of property	17,079			38,579			173,077			86,566
Net income attributable to noncontrolling interests	(10,293		)	(1,844		)	(14,020		)	(12,755		)
Net income attributable to common shareholders - basic	42,981			72,629			268,094			167,307
Income attributable to operating partnership units	—			515			1,584			1,567
Net income attributable to common shareholders - diluted	$	42,981		$	73,144		$	269,678		$	168,874
Denominator:
Weighted average shares outstanding – basic	127,525			127,801			127,651			127,734
Effect of dilutive securities:
Share options and awards	792			844			809			877
Operating partnership units	—			1,432			1,432			1,450
Weighted average shares outstanding – diluted	128,317			130,077			129,892			130,061

Schedule Of 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):



	Three Months Ended September 30,		Nine Months Ended September 30,
	2018	2017	2018	2017
Share options ⁽¹⁾	—	207	—	—
Operating partnership units	1,432	—	—	—
Total anti-dilutive securities	1,432	207	—	—

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