Earnings Per Share ("EPS")

12 Months Ended

Dec. 31, 2019

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):


	2019		2018		2017
Numerator
Net income	$	102,554	$	68,972	$	161,673
Net income attributable to noncontrolling interests	(5,734)		(8,952)		(15,543)
Net income attributable to the Company	96,820		60,020		146,130
Allocation of earnings to participating securities	(1,190)		(1,106)		(757)
Numerator for basic and diluted EPS—net income attributable to common stockholders	$	95,630	$	58,914	$	145,373
Denominator
Denominator for basic EPS—weighted average number of common shares outstanding	141,340		141,142		141,877
Effect of dilutive securities (1)

Share and unit based compensation	—		2		36
Denominator for diluted EPS—weighted average number of common shares outstanding	141,340		141,144		141,913
EPS—net income attributable to common stockholders:
Basic	$	0.68	$	0.42	$	1.02
Diluted	$	0.68	$	0.42	$	1.02

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(1)Diluted EPS excludes 90,619 convertible preferred units for the years ended December 31, 2019, 2018 and 2017, as their impact was antidilutive.

Diluted EPS excludes 10,415,291, 10,360,390 and 10,416,321 Operating Partnership units ("OP Units") for the years ended December 31, 2019, 2018 and 2017, respectively, as their effect was antidilutive.