Earnings per Share and Unit (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per share:

	Three months ended June 30,				Six months ended June 30,
(in thousands, except per share data)	2019		2018		2019		2018
Numerator:
Income from operations attributable to common stockholders - basic	$	51,728		47,841	$	142,174		100,500
Income from operations attributable to common stockholders - diluted	$	51,728		47,841	$	142,174		100,500
Denominator:
Weighted average common shares outstanding for basic EPS		167,536		169,424		167,488		170,056
Weighted average common shares outstanding for diluted EPS (1)		167,962		169,682		167,877		170,291
Income per common share – basic	$	0.31		0.28	$	0.85		0.59
Income per common share – diluted	$	0.31		0.28	$	0.85		0.59

⁽¹⁾ Includes the dilutive impact of unvested restricted stock using the treasury stock method.

Partnership Interest [Member]

Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per unit:

	Three months ended June 30,				Six months ended June 30,
(in thousands, except per share data)	2019		2018		2019		2018
Numerator:
Income from operations attributable to common unit holders - basic	$	51,837		47,941	$	142,473		100,712
Income from operations attributable to common unit holders - diluted	$	51,837		47,941	$	142,473		100,712
Denominator:
Weighted average common units outstanding for basic EPU		167,886		169,774		167,838		170,406
Weighted average common units outstanding for diluted EPU (1)		168,312		170,032		168,227		170,641
Income per common unit – basic	$	0.31		0.28	$	0.85		0.59
Income per common unit – diluted	$	0.31		0.28	$	0.85		0.59

⁽¹⁾ Includes the dilutive impact of unvested restricted stock using the treasury stock method.