Earnings Per Common Share

9 Months Ended

Sep. 30, 2016

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



	Quarters Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Numerators:
Net Income Available for Common Stockholders:
Net income available for Common Stockholders – basic	$	40,998	$	36,673	$	127,071	$	95,644
Amounts allocated to dilutive securities	3,462		3,136		10,770		8,191
Net income available for Common Stockholders – fully diluted	$	44,460	$	39,809	$	137,841	$	103,835
Denominator:
Weighted average Common Shares outstanding – basic	85,105		84,057		84,649		84,016
Effect of dilutive securities:
Redemption of Common OP Units for Common Shares	7,203		7,212		7,205		7,220
Stock options and restricted shares	602		671		551		641
Weighted average Common Shares outstanding – fully diluted	92,910		91,940		92,405		91,877

Earnings per Common Share – Basic:
Net income available for Common Stockholders	$	0.48	$	0.44	$	1.50	$	1.14

Earnings per Common Share – Fully Diluted:
Net income available for Common Stockholders	$	0.48	$	0.43	$	1.49	$	1.13