For the Year Ended December 31,

2019

2018

2017

Computation of Basic and Diluted Earnings Per Share:

Net income available to the Company's common shareholders

$

339,988

$

439,604

$

372,461

Change in estimated redemption value of redeemable noncontrolling interests

-

(7,521

)

-

Earnings attributable to participating securities

(2,599

)

(2,375

)

(2,132

)

Net income available to the Company’s common shareholders for basic earnings per share

337,389

429,708

370,329

Distributions on convertible units

30

99

-

Net income available to the Company’s common shareholders for diluted earnings per share

$

337,419

$

429,807

$

370,329

Weighted average common shares outstanding – basic

420,370

420,641

423,614

Effect of dilutive securities (1):

Equity awards

1,365

628

405

Assumed conversion of convertible units

64

110

-

Weighted average common shares outstanding – diluted

421,799

421,379

424,019

Net income available to the Company's common shareholders:

Basic earnings per share

$

0.80

$

1.02

$

0.87

Diluted earnings per share

$

0.80

$

1.02

$

0.87