Earnings Per Common Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per Common Share for the quarters ended March 31, 2017 and 2016 (amounts in thousands, except per share data):

	Quarters Ended
	March 31,
	2017		2016
Numerator:
Net Income Available for Common Stockholders:
Net income available for Common Stockholders – basic	$	56,888	$	50,583
Amounts allocated to dilutive securities	3,890		4,310
Net income available for Common Stockholders – fully diluted	$	60,778	$	54,893
Denominator:
Weighted average Common Shares outstanding – basic	86,048		84,321
Effect of dilutive securities:
Redemption of Common OP Units for Common Shares	6,588		7,208
Stock options and restricted shares	375		512
Weighted average Common Shares outstanding – fully diluted	93,011		92,041
Earnings per Common Share – Basic:
Net income available for Common Stockholders	$	0.66	$	0.60
Earnings per Common Share – Fully Diluted:
Net income available for Common Stockholders	$	0.65	$	0.60