Earnings Per Common Share

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

Basic and fully diluted earnings per share are based on the weighted average shares outstanding during each year. The following table sets forth the computation of basic and diluted earnings per common share:

	Years Ended December 31,
(amounts in thousands, except per share data)	2018			2017			2016
Numerators:
Net Income Available for Common Stockholders:
Consolidated net income	$	226,386		$	210,377		$	187,132
Amounts allocated to dilutive securities	(13,774		)	(12,788		)	(13,869		)
Preferred stock distributions	(16		)	(7,685		)	(9,226		)
Net income available to Common Stockholders—Basic	212,596			189,904			164,037
Amounts allocated to dilutive securities	13,774			12,788			13,869
Net income available to Common Stockholders—Fully Diluted	$	226,370		$	202,692		$	177,906
Denominator:
Weighted average Common Shares outstanding—Basic	88,964			86,997			84,778
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	5,793			6,033			7,204
Stock options and restricted stock	298			395			587
Weighted average Common Shares outstanding—Fully Diluted	95,055			93,425			92,569
Earnings per Common Share—Basic:	$	2.39		$	2.18		$	1.93
Earnings per Common Share—Fully Diluted:	$	2.38		$	2.17		$	1.92