Earnings Per Common Share

9 Months Ended

Sep. 30, 2018

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



	Quarters Ended September 30,				Nine Months Ended September 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	$	56,070	$	48,525	$	162,429	$	144,911
Amounts allocated to dilutive securities	3,590		3,286		10,569		9,825
Net income available for Common Stockholders – fully dilutive	$	59,660	$	51,811	$	172,998	$	154,736
Denominator:
Weighted average Common Shares outstanding – basic	89,200		87,037		88,760		86,620
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	5,771		5,836		5,808		6,100
Stock options and restricted shares	292		451		259		415
Weighted average Common Shares outstanding – fully diluted	95,263		93,324		94,827		93,135

Earnings per Common Share – Basic:
Net income available for Common Stockholders	$	0.63	$	0.56	$	1.83	$	1.67

Earnings per Common Share – Fully Diluted:
Net income available for Common Stockholders	$	0.63	$	0.56	$	1.82	$	1.66