Earnings Per Common Share

6 Months Ended

Jun. 30, 2016

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, 2016 and 2015 (amounts in thousands, except per share data):



	Quarters Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Numerators:
Net Income Available for Common Stockholders:
Net income available for Common Stockholders – basic	$	35,490	$	31,786	$	86,073	$	58,972
Amounts allocated to dilutive securities	2,998		2,724		7,308		5,054
Net income available for Common Stockholders – fully diluted	$	38,488	$	34,510	$	93,381	$	64,026
Denominator:
Weighted average Common Shares outstanding – basic	84,516		84,031		84,419		83,996
Effect of dilutive securities:
Redemption of Common OP Units for Common Shares	7,205		7,221		7,206		7,223
Stock options and restricted shares	543		599		538		610
Weighted average Common Shares outstanding – fully diluted	92,264		91,851		92,163		91,829

Earnings per Common Share – Basic:
Net income available for Common Stockholders	$	0.42	$	0.38	$	1.02	$	0.70

Earnings per Common Share – Fully Diluted:
Net income available for Common Stockholders	$	0.42	$	0.38	$	1.01	$	0.70