Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2015 and 2014 (amounts in thousands, except per share data):



	Quarters Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Numerators:
Net Income Available for Common Shares:
Net income available for Common Shares – basic	$	31,786	$	25,483	$	58,972	$	63,582
Amounts allocated to dilutive securities	2,724		2,229		5,054		5,710
Net income available for Common Shares – fully diluted	$	34,510	$	27,712	$	64,026	$	69,292
Denominator:
Weighted average Common Shares outstanding – basic	84,031		83,234		83,996		83,175
Effect of dilutive securities:
Redemption of Common OP Units for Common Shares	7,221		7,530		7,223		7,582
Stock options and restricted shares	599		656		610		654
Weighted average Common Shares outstanding – fully diluted	91,851		91,420		91,829		91,411

Earnings per Common Share – Basic:
Net income available for Common Shares	$	0.38	$	0.31	$	0.70	$	0.76

Earnings per Common Share – Fully Diluted:
Net income available for Common Shares	$	0.38	$	0.30	$	0.70	$	0.76