Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The following table sets forth the computation of the basic and diluted earnings per common share for the quarters ended March 31, 2015 and 2014 (amounts in thousands, except per share data):



	Quarters Ended
	March 31,
	2015		2014
Numerators:
Net Income Available for Common Shares:
Net income available for Common Shares – basic	$	27,185	$	38,099
Amounts allocated to dilutive securities	2,331		3,481
Net income available for Common Shares – fully diluted	$	29,516	$	41,580
Denominator:
Weighted average Common Shares outstanding – basic	83,961		83,116
Effect of dilutive securities:
Redemption of Common OP Units for Common Shares	7,225		7,635
Stock options and restricted shares	591		602
Weighted average Common Shares outstanding – fully diluted	91,777		91,353

Earnings per Common Share – Basic:
Net income available for Common Shares	$	0.32	$	0.46

Earnings per Common Share – Fully Diluted:
Net income available for Common Shares	$	0.32	$	0.46