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):



	Three Months Ended					Three Months Ended
	March 31, 2019					March 31, 2018
	Income (Numerator)		Weighted Average Shares (Denominator)	Per Share		Income (Numerator)		Weighted Average Shares (Denominator)	Per Share
Income from continuing operations net of noncontrolling interest - basic	$	39,887	147,559	$	0.27	$	39,574	147,060	$	0.27
Dilutive shares for long-term compensation plans	—		981			—		813
Income from continuing operations net of noncontrolling interest - diluted	$	39,887	148,540	$	0.27	$	39,574	147,873	$	0.27
Discontinued operations net of noncontrolling interest - basic	$	14,443	147,559	$	0.10	$	100,607	147,060	$	0.68
Dilutive shares for long-term compensation plans	—		981			—		813
Discontinued operations net of noncontrolling interest - diluted	$	14,443	148,540	$	0.10	$	100,607	147,873	$	0.68
Net income available to common shareholders - basic	$	54,330	147,559	$	0.37	$	140,181	147,060	$	0.95
Dilutive shares for long-term compensation plans	—		981			—		813
Net income available to common shareholders - diluted	$	54,330	148,540	$	0.37	$	140,181	147,873	$	0.95

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. There were no anti-dilutive options excluded from the computation of diluted income per common share for the three months ended March 31, 2019 or 2018.

During the three months ended March 31, 2019, 109,000 common shares were issued upon the exercise of options. During the year ended December 31, 2018, 151,000 common shares were issued upon the exercise of options.

Share Repurchase

The Company’s Board of Trustees has authorized a share repurchase plan under which the Company may purchase up to $250 million of the Company’s outstanding common shares through September 28, 2019. Purchases made pursuant to the program may be made in either the open market or in privately negotiated transactions from time to time as permitted by securities laws and other legal requirements. There were no purchases under the plan during the three months ended March 31, 2019 or for the year ended December 31, 2018.