Parent Company Earnings per Share

The following summarizes the calculation of basic and diluted earnings per share for the periods ended June 30, 2011 and 2010, respectively (in thousands except per share data):



		Three months ended			Six months ended
		2011	2010		2011	2010
Numerator:
Income from continuing operations	$	18,937	13,812		27,067	24,348
Discontinued operations		—	(108	)	—	6,795
Net income		18,937	13,704		27,067	31,143
Less: Preferred stock dividends		4,919	4,919		9,838	9,838
Less: Noncontrolling interests		1,157	1,037		2,183	2,158
Net income attributable to common stockholders		12,861	7,748		15,046	19,147
Less: Dividends paid on unvested restricted stock		218	178		437	356
Net income attributable to common stockholders - basic	$	12,643	7,570		14,609	18,791
Add: Dividends paid on Treasury Method restricted stock		20	—		34	—
Net income for common stockholders - diluted	$	12,663	7,570		14,643	18,791
Denominator:
Weighted average common shares outstanding for basic EPS		89,074	81,054		86,090	80,952
Incremental shares to be issued under unvested restricted stock		44	—		36	—
Incremental shares under Forward Equity Offering		—	1,522		848	1,305
Weighted average common shares outstanding for diluted EPS		89,118	82,576		86,974	82,257
Income per common share – basic
Continuing operations	$	0.14	0.09		0.17	0.15
Discontinued operations		—	—		—	0.08
Net income attributable to common stockholders	$	0.14	0.09		0.17	0.23
Income per common share – diluted
Continuing operations	$	0.14	0.09		0.17	0.15
Discontinued operations		—	—		—	0.08
Net income attributable to common stockholders	$	0.14	0.09		0.17	0.23