Earnings Per Common Share

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2017 and 2016 (amounts in thousands, except per share data):

	Quarters Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Numerator:
Net Income Available for Common Stockholders:
Net income available for Common Stockholders – basic	$	39,498	$	35,490	$	96,385	$	86,073
Amounts allocated to dilutive securities	2,649		2,998		6,539		7,308
Net income available for Common Stockholders – fully diluted	$	42,147	$	38,488	$	102,924	$	93,381
Denominator:
Weighted average Common Shares outstanding – basic	86,763		84,516		86,408		84,419
Effect of dilutive securities:
Conversion of Common OP Units to Common Shares	5,886		7,205		6,235		7,206
Stock options and restricted shares	414		543		398		538
Weighted average Common Shares outstanding – fully diluted	93,063		92,264		93,041		92,163
Earnings per Common Share – Basic:
Net income available for Common Stockholders	$	0.46	$	0.42	$	1.12	$	1.02
Earnings per Common Share – Fully Diluted:
Net income available for Common Stockholders	$	0.45	$	0.42	$	1.11	$	1.01