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Earnings Per Share
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

We have outstanding stock options, unvested restricted common shares, Series A Preferred Stock, and Series A-4 Preferred Stock, and our Operating Partnership has: outstanding common OP units; Series A-1 preferred OP units; Series A-3 preferred OP units; Series A-4 preferred OP units; Series C preferred OP units; and Aspen preferred OP Units, which, if converted or exercised, may impact dilution.

Computations of basic and diluted earnings / (loss) per share were as follows (in thousands, except per share data):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Numerator
 
2017
 
2016
 
2017
 
2016
Net income attributable to common stockholders
 
$
24,115

 
$
18,897

 
$
57,583

 
$
18,969

Allocation to restricted stock awards
 
(189
)
 
(135
)
 
(461
)
 
(22
)
Basic earnings: Net income attributable to common stockholders after allocation
 
23,926

 
18,762

 
57,122

 
18,947

Allocation to restricted stock awards
 
189

 
135

 
461

 
22

Diluted earnings: Net income attributable to common stockholders after allocation
 
$
24,115

 
$
18,897

 
$
57,583

 
$
18,969

 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
78,369

 
68,655

 
75,234

 
63,716

Add: dilutive stock options
 
2

 
8

 
2

 
10

Add: dilutive restricted stock
 
437

 
406

 
610

 
420

Diluted weighted average common shares and securities
 
78,808

 
69,069

 
75,846

 
64,146

Earnings per share available to common stockholders after allocation:
 
 
 
 
 
 
 
 
Basic
 
$
0.31

 
$
0.27

 
$
0.76

 
$
0.30

Diluted
 
$
0.31

 
$
0.27

 
$
0.76

 
$
0.30



We have excluded certain securities from the computation of diluted earnings per share because the inclusion of these securities would have been anti-dilutive for the periods presented. The following table presents the outstanding securities that were excluded from the computation of diluted earnings per share as of September 30, 2017 and 2016 (in thousands):
 
 
As of September 30,
 
 
2017
 
2016
Common OP units
 
2,757

 
2,838

Series A-1 preferred OP units
 
349

 
376

Series A-3 preferred OP units
 
40

 
40

Series A-4 preferred OP units
 
425

 
743

Series A-4 preferred stock
 
1,085

 
1,682

Series C preferred OP units
 
316

 
333

Aspen preferred OP units
 
1,284

 
1,284

Total securities
 
6,256

 
7,296