Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per Common Share for the quarters ended March 31, 2018 and 2017 (amounts in thousands, except per share data):



	Quarters Ended
	March 31,
	2018		2017
Numerator:
Net Income Available for Common Stockholders:
Net income available for Common Stockholders – basic	$	60,222	$	56,888
Amounts allocated to dilutive securities	3,955		3,890
Net income available for Common Stockholders – fully diluted	$	64,177	$	60,778
Denominator:
Weighted average Common Shares outstanding – basic	88,524		86,048
Effect of dilutive securities:
Exchange of Common OP Units to Common Shares	5,828		6,588
Stock options and restricted shares	225		375
Weighted average Common Shares outstanding – fully diluted	94,577		93,011

Earnings per Common Share – Basic:
Net income available for Common Stockholders	$	0.68	$	0.66

Earnings per Common Share – Fully Diluted:
Net income available for Common Stockholders	$	0.68	$	0.65