Earnings Per Common Share

9 Months Ended

Sep. 30, 2017

The following table sets forth the computation of basic and diluted earnings per Common Share for the quarters and nine months ended September 30, 2017 and 2016 (amounts in thousands, except per share data):



	Quarters Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Numerator:
Net Income Available for Common Stockholders:
Net income available for Common Stockholders – basic	$	48,525	$	40,998	$	144,911	$	127,071
Amounts allocated to dilutive securities	3,286		3,462		9,825		10,770
Net income available for Common Stockholders – fully diluted	$	51,811	$	44,460	$	154,736	$	137,841
Denominator:
Weighted average Common Shares outstanding – basic	87,037		85,105		86,620		84,649
Effect of dilutive securities:
Conversion of Common OP Units to Common Shares	5,836		7,203		6,100		7,205
Stock options and restricted shares	451		602		415		551
Weighted average Common Shares outstanding – fully diluted	93,324		92,910		93,135		92,405

Earnings per Common Share – Basic:
Net income available for Common Stockholders	$	0.56	$	0.48	$	1.67	$	1.50

Earnings per Common Share – Fully Diluted:
Net income available for Common Stockholders	$	0.56	$	0.48	$	1.66	$	1.49