Earnings Per Share ("EPS"):

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share ("EPS"):

Earnings Per Share ("EPS"):

The following table reconciles the numerator and denominator used in the computation of earnings per share for the years ended December 31 (shares in thousands):

	2014			2013			2012
Numerator
Income from continuing operations	$	1,606,931		$	159,023		$	303,166
Income from discontinued operations	—			289,936			63,223
Net income attributable to noncontrolling interests	(107,889		)	(28,869		)	(28,963		)
Net income attributable to the Company	1,499,042			420,090			337,426
Allocation of earnings to participating securities	(1,576		)	(397		)	(577		)
Numerator for basic and diluted earnings per share—net income attributable to common stockholders	$	1,497,466		$	419,693		$	336,849
Denominator
Denominator for basic earnings per share—weighted average number of common shares outstanding	143,144			139,598			134,067
Effect of dilutive securities (1)
Stock warrants	—			—			63
Share and unit based compensation	147			82			18
Denominator for diluted earnings per share—weighted average number of common shares outstanding	143,291			139,680			134,148
Earnings per common share—basic:
Income from continuing operations	$	10.46		$	1.07		$	2.07
Discontinued operations	—			1.94			0.44
Net income attributable to common stockholders	$	10.46		$	3.01		$	2.51
Earnings per common share—diluted:
Income from continuing operations	$	10.45		$	1.06		$	2.07
Discontinued operations	—			1.94			0.44
Net income attributable to common stockholders	$	10.45		$	3.00		$	2.51

____________________________________

(1) The convertible senior notes ("Senior Notes") are excluded from diluted EPS for the year ended December 31, 2012 as their effect would be antidilutive. The Senior Notes were paid off in full on March 15, 2012 (See Note 9— Bank and Other Notes Payable).

Diluted EPS excludes 179,667, 184,304 and 193,945 convertible preferred units for the years ended December 31, 2014, 2013 and 2012, respectively, as their impact was antidilutive.

Diluted EPS excludes 10,079,935 and 9,845,602 and 10,870,454 Operating Partnership units ("OP Units") for the years ended December 31, 2014, 2013 and 2012, respectively, as their effect was antidilutive.