Earnings Per Common Share

12 Months Ended

Dec. 31, 2019

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 share of common stock (Common Share), as adjusted for the stock split, for the years ended December 31, 2019, 2018, and 2017:



	Years Ended December 31,
(amounts in thousands, except per share data)	2019		2018		2017
Numerators:
Net income available to Common Stockholders—Basic	$	279,123	$	212,596	$	189,904
Amounts allocated to dilutive securities	16,783		13,774		12,788
Net income available to Common Stockholders—Fully Diluted	$	295,906	$	226,370	$	202,692
Denominator:
Weighted average Common Shares outstanding—Basic	180,805		177,928		173,994
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	10,934		11,586		12,066
Stock options and restricted stock	256		596		790
Weighted average Common Shares outstanding—Fully Diluted	191,995		190,110		186,850


Earnings per Common Share—Basic:	$	1.54	$	1.19	$	1.09

Earnings per Common Share—Fully Diluted:	$	1.54	$	1.19	$	1.08