Earnings Per Common Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2015 and 2014 (amounts in thousands, except per share data):



	Quarters Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Numerators:
Net Income Available for Common Shares:
Net income available for Common Shares – basic	$	36,673	$	25,746	$	95,644	$	89,328
Amounts allocated to dilutive securities	3,136		2,219		8,191		7,929
Net income available for Common Shares – fully diluted	$	39,809	$	27,965	$	103,835	$	97,257
Denominator:
Weighted average Common Shares outstanding – basic	84,057		83,531		84,016		83,295
Effect of dilutive securities:
Redemption of Common OP Units for Common Shares	7,212		7,254		7,220		7,471
Stock options and restricted shares	671		743		641		705
Weighted average Common Shares outstanding – fully diluted	91,940		91,528		91,877		91,471

Earnings per Common Share – Basic:
Net income available for Common Shares	$	0.44	$	0.31	$	1.14	$	1.07

Earnings per Common Share – Fully Diluted:
Net income available for Common Shares	$	0.43	$	0.31	$	1.13	$	1.06