Income per Common Share of the Trust

6 Months Ended

Jun. 30, 2015

Income per Common Share of the Trust

The following table sets forth the computation of basic and diluted income per common share of the Trust (in thousands except per share amounts):



	For the Three Months Ended					For the Three Months Ended
	June 30, 2015					June 30, 2014
	Income (Numerator)		Weighted Average Shares (Denominator)	Per Share		Income (Numerator)		Weighted Average Shares (Denominator)	Per Share
Basic income from continuing operations
Income from continuing operations net of noncontrolling interest	$	35,513	148,778	$	0.24	$	28,961	147,012	$	0.20
Dilutive shares for long-term compensation plans	—		676			—		762
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	$	35,513	149,454	$	0.24	$	28,961	147,774	$	0.20
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	$	—	148,778	$	—	$	288	147,012	$	—
Dilutive shares for long-term compensation plans	—		676			—		762
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	$	—	149,454	$	—	$	288	147,774	$	—
Basic income per common share
Net income available to common shareholders	$	35,513	148,778	$	0.24	$	29,249	147,012	$	0.20
Dilutive shares for long-term compensation plans	—		676			—		762
Diluted income per common share
Net income available to common shareholders	$	35,513	149,454	$	0.24	$	29,249	147,774	$	0.20



	For the Six Months Ended					For the Six Months Ended
	June 30, 2015					June 30, 2014
	Income (Numerator)		Weighted Average Shares (Denominator)	Per Share		Income (Numerator)		Weighted Average Shares (Denominator)	Per Share
Basic income from continuing operations
Income from continuing operations net of noncontrolling interest	$	66,464	148,574	$	0.45	$	54,137	146,749	$	0.37
Dilutive shares for long-term compensation plans	—		673			—		695
Diluted income from continuing operations
Income from continuing operations net of noncontrolling interest	66,464		149,247	$	0.45	54,137		147,444	$	0.37
Basic income from discontinued operations
Discontinued operations net of noncontrolling interest	—		148,574	$	—	47,012		146,749	$	0.32
Dilutive shares for long-term compensation plans	—		673			—		695
Diluted income from discontinued operations
Discontinued operations net of noncontrolling interest	—		149,247	$	—	47,012		147,444	$	0.32
Basic income per common share
Net income available to common shareholders	66,464		148,574	$	0.45	101,149		146,749	$	0.69
Dilutive shares for long-term compensation plans	—		673			—		695
Diluted income per common share
Net income available to common shareholders	$	66,464	149,247	$	0.45	$	101,149	147,444	$	0.69

Dilutive shares for long-term compensation plans represent the unvested common shares outstanding during the periods as well as the dilutive effect of outstanding options. The amount of anti-dilutive options excluded from the computation of diluted income per common share for the three and six months ended June 30, 2015 was 1,528,000 and 1,448,000, respectively, as compared to 750,000 for both the three and six month periods in 2014.

Stock Option Exercises [Text Block]

During the three and six months ended June 30, 2015, 8,000 and 53,000 common shares, respectively, were issued upon the exercise of options. During the year ended December 31, 2014, 44,000 common shares were issued upon the exercise of options.