Earnings Per Common Share

6 Months Ended

Jun. 30, 2018

The following table sets forth the computation of basic and diluted earnings per common share for the quarters and six months ended June 30, 2018 and 2017:



	Quarters Ended				Six Months Ended
	June 30,				June 30,
(amounts in thousands, except per share data)	2018		2017		2018		2017
Numerator:
Net Income Available for Common Stockholders:
Net income available for Common Stockholders – basic	$	46,137	$	39,498	$	106,359	$	96,385
Amounts allocated to dilutive securities	3,024		2,649		6,979		6,539
Net income available for Common Stockholders – fully diluted	$	49,161	$	42,147	$	113,338	$	102,924
Denominator:
Weighted average Common Shares outstanding – basic	88,549		86,763		88,537		86,408
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	5,826		5,886		5,827		6,235
Stock options and restricted shares	248		414		236		398
Weighted average Common Shares outstanding – fully diluted	94,623		93,063		94,600		93,041

Earnings per Common Share – Basic:
Net income available for Common Stockholders	$	0.52	$	0.46	$	1.20	$	1.12

Earnings per Common Share – Fully Diluted:
Net income available for Common Stockholders	$	0.52	$	0.45	$	1.20	$	1.11