Earnings Per Share ("EPS") (Tables)

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominator Used in Computation of Earnings Per Share

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):

	2018			2017			2016
Numerator
Net income	$	68,972		$	161,673		$	554,839
Net income attributable to noncontrolling interests	(8,952		)	(15,543		)	(37,844		)
Net income attributable to the Company	60,020			146,130			516,995
Allocation of earnings to participating securities	(1,106		)	(757		)	(779		)
Numerator for basic and diluted EPS—net income attributable to common stockholders	$	58,914		$	145,373		$	516,216
Denominator
Denominator for basic EPS—weighted average number of common shares outstanding	141,142			141,877			146,599
Effect of dilutive securities (1)
Share and unit based compensation	2			36			112
Denominator for diluted EPS—weighted average number of common shares outstanding	141,144			141,913			146,711
EPS—net income attributable to common stockholders:
Basic	$	0.42		$	1.02		$	3.52
Diluted	$	0.42		$	1.02		$	3.52

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(1) Diluted EPS excludes 90,619, 90,619 and 133,366 convertible preferred units for the years ended December 31, 2018, 2017 and 2016, respectively, as their impact was antidilutive.

Diluted EPS excludes 10,360,390, 10,416,321 and 10,721,271 Operating Partnership units ("OP Units") for the years ended December 31, 2018, 2017 and 2016, respectively, as their effect was antidilutive.