Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per share of common stock for the quarters and nine months ended September 30, 2020 and 2019:

	Quarters Ended September 30,				Nine Months Ended September 30,
(amounts in thousands, except per share data)	2020		2019		2020		2019
Numerators:
Net income available for Common Stockholders – Basic	$	50,560	$	64,461	$	163,622	$	224,171
Amounts allocated to dilutive securities	2,908		3,715		9,415		13,617
Net income available for Common Stockholders – Fully Diluted	$	53,468	$	68,176	$	173,037	$	237,788
Denominators:
Weighted average Common Shares outstanding – Basic	181,869		181,649		181,811		180,515
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	10,482		10,496		10,485		11,084
Stock options and restricted stock	186		255		252		241
Weighted average Common Shares outstanding – Fully Diluted	192,537		192,400		192,548		191,840
Earnings per Common Share – Basic	$	0.28	$	0.35	$	0.90	$	1.24
Earnings per Common Share – Fully Diluted	$	0.28	$	0.35	$	0.90	$	1.24