Earnings Per Common Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The following table sets forth the computation of the basic and diluted earnings per Common Share for the quarters ended March 31, 2016 and 2015 (amounts in thousands, except per share data):

	Quarters Ended
	March 31,
	2016		2015
Numerators:
Net Income Available for Common Stockholders:
Net income available for Common Stockholders – basic	$	50,583	$	27,185
Amounts allocated to dilutive securities	4,310		2,331
Net income available for Common Stockholders – fully diluted	$	54,893	$	29,516
Denominator:
Weighted average Common Shares outstanding – basic	84,321		83,961
Effect of dilutive securities:
Redemption of Common OP Units for Common Stockholders	7,208		7,225
Stock options and restricted shares	512		591
Weighted average Common Shares outstanding – fully diluted	92,041		91,777
Earnings per Common Share – Basic:
Net income available for Common Stockholders	$	0.60	$	0.32
Earnings per Common Share – Fully Diluted:
Net income available for Common Stockholders	$	0.60	$	0.32