Earnings per Share and Unit (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of earnings per share

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

	Three months ended September 30,				Nine months ended September 30,
(in thousands, except per share data)	2019		2018		2019		2018
Numerator:
Income from operations attributable to common stockholders - basic	$	56,965	$	69,722	$	199,139	$	170,222
Income from operations attributable to common stockholders - diluted	$	56,965		69,722	$	199,139		170,222
Denominator:
Weighted average common shares outstanding for basic EPS		167,559		169,438		167,512		169,847
Weighted average common shares outstanding for diluted EPS (1)		167,944		169,839		167,834		170,166
Income per common share – basic	$	0.34		0.41	$	1.19		1.00
Income per common share – diluted	$	0.34		0.41	$	1.19		1.00

⁽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 September 30,				Nine months ended September 30,
(in thousands, except per share data)	2019		2018		2019		2018
Numerator:
Income from operations attributable to common unit holders - basic	$	57,122	$	69,869	$	199,595	$	170,580
Income from operations attributable to common unit holders - diluted	$	57,122		69,869	$	199,595		170,580
Denominator:
Weighted average common units outstanding for basic EPU		167,965		169,788		167,881		170,197
Weighted average common units outstanding for diluted EPU (1)		168,350		170,189		168,203		170,516
Income per common unit – basic	$	0.34		0.41	$	1.19		1.00
Income per common unit – diluted	$	0.34		0.41	$	1.19		1.00

(1) Includes the dilutive impact of unvested restricted stock using the treasury stock method and excludes the 1.9 million shares issuable under the forward sale agreements because they would be anti-dilutive.